25,951 Allegion PLC $ALLE Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its Allegion stake by 1,617.9% in the third quarter, acquiring 25,951 shares for a total holding of 27,555 shares valued at approximately $4.24 million. Institutional investors and hedge funds collectively own 92.21% of Allegion.
• Allegion reported quarterly earnings of $2.40 per share, beating estimates of $2.22, while revenue rose 12.7% year over year to $1.15 billion. Analysts maintain a consensus “Hold” rating with an average price target of $162.50.
• The company paid a quarterly dividend of $0.55 per share, equivalent to an annualized $2.20 dividend and a 1.5% yield.

Farther Finance Advisors LLC lifted its stake in Allegion PLC (NYSE:ALLE - Free Report) by 1,617.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,555 shares of the scientific and technical instruments company's stock after acquiring an additional 25,951 shares during the period. Farther Finance Advisors LLC's holdings in Allegion were worth $4,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Allegion by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 853,222 shares of the scientific and technical instruments company's stock valued at $123,952,000 after purchasing an additional 13,186 shares during the period. Hawk Ridge Capital Management LP lifted its stake in shares of Allegion by 32.9% in the first quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company's stock worth $116,640,000 after buying an additional 198,800 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Allegion by 191.8% during the 4th quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company's stock worth $99,401,000 after buying an additional 410,346 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Allegion by 19.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 599,326 shares of the scientific and technical instruments company's stock worth $87,076,000 after buying an additional 97,304 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in shares of Allegion by 8.1% during the 1st quarter. Boston Trust Walden Corp now owns 566,792 shares of the scientific and technical instruments company's stock worth $82,349,000 after buying an additional 42,660 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allegion

In other news, Director Steven Mizell purchased 170 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the completion of the purchase, the director directly owned 5,899 shares of the company's stock, valued at approximately $933,693.72. The trade was a 2.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nickolas Musial sold 687 shares of the business's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the transaction, the chief accounting officer owned 6,798 shares in the company, valued at $1,053,690. This represents a 9.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,288 shares of company stock valued at $1,764,593 over the last quarter. Company insiders own 0.64% of the company's stock.

Analyst Ratings Changes

ALLE has been the topic of a number of research analyst reports. Evercore reiterated an "outperform" rating and issued a $180.00 target price on shares of Allegion in a research note on Tuesday, September 22nd. JPMorgan Chase & Co. boosted their target price on shares of Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Robert W. Baird set a $170.00 target price on shares of Allegion in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Allegion from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Allegion has an average rating of "Hold" and an average target price of $162.50.

Allegion Stock Performance

Shares of NYSE ALLE opened at $150.56 on Monday. 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 $12.80 billion, a P/E ratio of 19.76, a P/E/G ratio of 3.06 and a beta of 0.81. The business's 50 day moving average is $157.72 and its two-hundred day moving average is $145.30. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the business earned $2.04 earnings per share. Allegion's revenue for the quarter was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, equities analysts expect that Allegion PLC will post 8.92 EPS for the current year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Allegion's dividend payout ratio (DPR) is 28.87%.

Allegion Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion's portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.

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