Assetmark Inc. raised its holdings in shares of Allegion PLC (NYSE:ALLE - Free Report) by 19.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,166 shares of the scientific and technical instruments company's stock after buying an additional 18,625 shares during the period. Assetmark Inc. owned about 0.14% of Allegion worth $18,496,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Smith Moore & CO. purchased a new stake in shares of Allegion in the fourth quarter valued at approximately $613,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Allegion in the fourth quarter valued at approximately $788,000. Steigerwald Gordon & Koch Inc. boosted its holdings in shares of Allegion by 142.5% in the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the scientific and technical instruments company's stock valued at $41,000 after purchasing an additional 151 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Allegion by 7.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 630,936 shares of the scientific and technical instruments company's stock valued at $100,458,000 after purchasing an additional 44,601 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new stake in shares of Allegion in the fourth quarter valued at approximately $375,000. Hedge funds and other institutional investors own 92.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on ALLE shares. Barclays lowered their target price on Allegion from $176.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Evercore upgraded Allegion to a "strong-buy" rating in a report on Monday. JPMorgan Chase & Co. lowered their target price on Allegion from $190.00 to $180.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company lowered their target price on Allegion from $175.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Allegion in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $171.13.
Check Out Our Latest Stock Analysis on ALLE
Allegion Price Performance
NYSE ALLE opened at $141.75 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16. The stock's fifty day moving average price is $154.08 and its 200 day moving average price is $161.94. Allegion PLC has a 1 year low of $122.14 and a 1 year high of $183.11. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 3.18 and a beta of 1.02.
Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $1.86 earnings per share. Allegion's revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities research analysts forecast that Allegion PLC will post 7.77 earnings per share 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 given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. Allegion's dividend payout ratio is presently 29.57%.
Insider Buying and Selling at Allegion
In related news, Director Sue Main purchased 2,000 shares of the business's stock in a transaction on Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, with a total value of $299,220.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at approximately $299,220. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Mizell sold 1,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director directly owned 4,915 shares in the company, valued at $793,821.65. This represents a 16.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is owned by corporate insiders.
About Allegion
(
Free Report)
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.
Further Reading
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