Allegion PLC $ALLE Shares Acquired by Andra AP fonden

Key Points

• Andra AP fonden increased its Allegion stake by 382.8% in the second quarter, acquiring 55,459 additional shares for a total holding of 69,945 shares valued at approximately $9.8 million. Institutional investors collectively own 92.21% of Allegion.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $162.50 price target. Price targets range from $142 to $180, including upgrades from Evercore and Longbow Research.
• Allegion exceeded quarterly earnings and revenue expectations, reporting $2.40 in EPS and $1.15 billion in revenue, while revenue rose 12.7% year over year. The company also declared a quarterly dividend of $0.55 per share, implying a 1.4% annualized yield.

Andra AP fonden raised its stake in shares of Allegion PLC (NYSE:ALLE - Free Report) by 382.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,945 shares of the scientific and technical instruments company's stock after purchasing an additional 55,459 shares during the period. Andra AP fonden owned 0.08% of Allegion worth $9,827,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Continuum Advisory LLC acquired a new position in shares of Allegion during the second quarter valued at approximately $25,000. Elevation Wealth Partners LLC boosted its stake in Allegion by 1,666.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company's stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Allegion by 45.9% during the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company's stock worth $34,000 after buying an additional 68 shares in the last quarter. Bard Associates Inc. purchased a new stake in shares of Allegion during the fourth quarter worth $35,000. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Allegion in the second quarter valued at about $42,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Evercore reissued an "outperform" rating and issued a $180.00 price target on shares of Allegion in a research note on Tuesday. Morgan Stanley cut their price target on Allegion from $165.00 to $142.00 and set an "equal weight" rating for the company in a report on Wednesday, June 3rd. JPMorgan Chase & Co. lifted their price objective on Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Longbow Research upgraded Allegion from a "neutral" rating to a "buy" rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Finally, Weiss Ratings upgraded Allegion from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $162.50.

Insider Activity

In other Allegion news, SVP Timothy P. Eckersley sold 6,417 shares of the company's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the sale, the senior vice president owned 29,919 shares in the company, valued at $4,705,061.94. This represents a 17.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Mizell bought 170 shares of the business's stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price 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. This trade represents a 2.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 11,288 shares of company stock worth $1,764,593 over the last three months. Company insiders own 0.64% of the company's stock.

Allegion Price Performance

ALLE stock opened at $153.94 on Wednesday. The business's fifty day moving average price is $156.46 and its 200 day moving average price is $144.69. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $13.09 billion, a PE ratio of 20.20, a P/E/G ratio of 3.08 and a beta of 0.83.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results 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 the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $2.04 EPS. Allegion's revenue 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, sell-side analysts anticipate that Allegion PLC will post 8.93 EPS for the current year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Allegion's dividend payout ratio (DPR) is 28.87%.

Allegion Profile

Allegion plc NYSE: ALLE is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion's brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

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

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