Allegion PLC $ALLE Shares Purchased by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI increased its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 28.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,015,783 shares of the scientific and technical instruments company's stock after purchasing an additional 227,035 shares during the quarter. Allegion accounts for 1.8% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 24th biggest holding. Fiduciary Management Inc. WI owned approximately 1.18% of Allegion worth $161,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALLE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Allegion by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company's stock worth $1,251,000 after purchasing an additional 626 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Allegion by 35.3% during the first quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company's stock worth $427,000 after purchasing an additional 854 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Allegion by 44.2% during the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company's stock worth $213,000 after purchasing an additional 499 shares during the last quarter. Empowered Funds LLC raised its holdings in Allegion by 13.0% during the first quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company's stock worth $740,000 after purchasing an additional 651 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in Allegion by 204.5% during the first quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company's stock worth $937,000 after purchasing an additional 4,826 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALLE. Weiss Ratings downgraded Allegion from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, May 29th. Bank of America dropped their price target on Allegion from $185.00 to $157.00 and set a "neutral" rating for the company in a research report on Monday, April 20th. Barclays dropped their price target on Allegion from $165.00 to $161.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 29th. Robert W. Baird set a $165.00 price target on Allegion in a research report on Wednesday, April 29th. Finally, Morgan Stanley dropped their price target on Allegion from $165.00 to $142.00 and set an "equal weight" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Allegion currently has a consensus rating of "Hold" and an average price target of $160.38.

Insiders Place Their Bets

In other news, Director Sue Main bought 2,000 shares of Allegion stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the acquisition, the director owned 2,000 shares of the company's stock, valued at $299,220. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert C. Martens sold 3,993 shares of Allegion 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 completion of the transaction, the senior vice president owned 8,570 shares in the company, valued at $1,175,375.50. The trade was a 31.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.64% of the stock is currently owned by company insiders.

Allegion Price Performance

Shares of NYSE:ALLE opened at $129.83 on Friday. The company has a market cap of $11.16 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.71 and a beta of 0.86. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The business has a fifty day simple moving average of $137.43 and a 200-day simple moving average of $152.87.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the prior year, the firm earned $1.86 EPS. Allegion's revenue for the quarter was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities research analysts forecast that Allegion PLC will post 8.73 EPS for the current year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.55 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. Allegion's dividend payout ratio (DPR) is presently 30.05%.

Allegion declared that its Board of Directors has approved a share buyback program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

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.

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