Allegion PLC $ALLE Stock Purchased by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its Allegion stake by 1,653.5% in the third quarter, acquiring 31,135 additional shares and bringing its holdings to 33,018 shares valued at approximately $5.1 million.
• Institutional investors own 92.21% of Allegion, while company insiders own just 0.64% and sold $1.76 million worth of shares over the past 90 days.
• Allegion exceeded quarterly earnings and revenue expectations, reporting $2.40 in EPS on $1.15 billion in revenue. Analysts maintain a consensus “Hold” rating with an average price target of $162.50, while the company pays a $0.55 quarterly dividend.

GAMMA Investing LLC increased its stake in Allegion PLC (NYSE:ALLE - Free Report) by 1,653.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,018 shares of the scientific and technical instruments company's stock after buying an additional 31,135 shares during the period. GAMMA Investing LLC's holdings in Allegion were worth $5,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. grew its stake in Allegion by 191.8% in 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 acquiring an additional 410,346 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Allegion by 2,013.5% in the first quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company's stock worth $51,612,000 after purchasing an additional 338,425 shares in the last quarter. Wellington Management Group LLP increased its holdings in Allegion by 964.6% during the 2nd quarter. Wellington Management Group LLP now owns 356,725 shares of the scientific and technical instruments company's stock worth $50,116,000 after purchasing an additional 323,218 shares during the period. Hawk Ridge Capital Management LP raised its position in Allegion by 32.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company's stock valued at $116,640,000 after purchasing an additional 198,800 shares in the last quarter. Finally, Rit Capital Partners PLC bought a new stake in Allegion during the 1st quarter valued at $21,786,000. Institutional investors own 92.21% of the company's stock.

Insider Buying and Selling

In other Allegion news, CAO Nickolas A. Musial sold 687 shares of the firm's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the transaction, the chief accounting officer owned 6,798 shares of the company's stock, valued at approximately $1,053,690. This trade represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Eckersley sold 6,417 shares of the business's stock in a transaction on Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the sale, the senior vice president directly owned 29,919 shares in the company, valued at $4,705,061.94. This trade represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,288 shares of company stock worth $1,764,593 over the last ninety days. Company insiders own 0.64% of the company's stock.

Allegion Stock Up 1.5%

Shares of ALLE stock opened at $150.19 on Friday. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The stock's fifty day moving average price is $157.87 and its 200 day moving average price is $145.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. The company has a market cap of $12.77 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 3.01 and a beta of 0.81.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.18. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The firm's revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, research analysts expect that Allegion PLC will post 8.93 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.55 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

ALLE has been the topic of a number of recent research reports. Weiss Ratings raised Allegion from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Evercore reiterated an "outperform" rating and set a $180.00 target price on shares of Allegion in a report on Tuesday, September 22nd. JPMorgan Chase & Co. boosted their price target on shares of Allegion from $150.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Robert W. Baird set a $170.00 price objective on shares of Allegion in a research note on Friday, July 24th. Finally, Longbow Research raised shares of Allegion from a "neutral" rating to a "buy" rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $162.50.

Allegion Company 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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