Kepler Cheuvreux Suisse SA Sells 23,956 Shares of Allegion PLC $ALLE

Kepler Cheuvreux Suisse SA lessened its position in shares of Allegion PLC (NYSE:ALLE) by 25.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,370 shares of the scientific and technical instruments company’s stock after selling 23,956 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Allegion were worth $10,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its holdings in Allegion by 255.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Allegion during the second quarter worth about $33,000. Hantz Financial Services Inc. increased its stake in shares of Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 68 shares in the last quarter. Bard Associates Inc. purchased a new position in shares of Allegion in the fourth quarter worth about $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Allegion in the third quarter valued at approximately $36,000. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ALLE shares. Bank of America dropped their price target on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company reduced their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 target price (down from $170.00) on shares of Allegion in a report on Friday, May 15th. Evercore upgraded Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $160.89.

Allegion Trading Up 0.1%

Shares of Allegion stock opened at $140.72 on Friday. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 2.92 and a beta of 0.85. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $133.81 and its 200-day moving average price is $149.02.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.08). The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. Allegion’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities analysts expect that Allegion PLC will post 8.73 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, June 15th. Allegion’s payout ratio is 30.05%.

Allegion declared that its Board of Directors has authorized a share repurchase program on Tuesday, April 28th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to purchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the transaction, the senior vice president owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This represents a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Allegion Profile

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.