Burney Co. Has $2.01 Million Stake in Allegion PLC $ALLE

Key Points

• Burney Co. trimmed its stake by 75.9% in Allegion during Q4, selling 39,782 shares and ending the period with 12,640 shares worth about $2.01 million.
• Allegion missed quarterly estimates with EPS of $1.94 (vs. $2.01 expected) and revenue of $1.03 billion (vs. $1.04 billion), set FY2026 guidance of 8.70–8.90 EPS, and currently carries an average analyst rating of "Hold" with a $171.13 target.
• The company raised its quarterly dividend to $0.55 (annualized $2.20, ~1.5% yield), while insiders showed mixed activity with a director selling 1,000 shares and another director buying 2,000 shares.

Burney Co. trimmed its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 75.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,640 shares of the scientific and technical instruments company's stock after selling 39,782 shares during the quarter. Burney Co.'s holdings in Allegion were worth $2,013,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ALLE. Millennium Management LLC raised its position in shares of Allegion by 817.1% during the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company's stock worth $54,700,000 after purchasing an additional 274,800 shares during the period. State Street Corp raised its position in shares of Allegion by 6.6% during the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company's stock worth $750,584,000 after purchasing an additional 260,973 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Allegion by 10.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company's stock worth $412,876,000 after purchasing an additional 236,248 shares during the period. Caisse de depot et placement du Quebec raised its position in shares of Allegion by 188.2% during the third quarter. Caisse de depot et placement du Quebec now owns 289,761 shares of the scientific and technical instruments company's stock worth $51,389,000 after purchasing an additional 189,236 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Allegion by 2,028.5% during the fourth quarter. SG Americas Securities LLC now owns 193,651 shares of the scientific and technical instruments company's stock worth $30,833,000 after purchasing an additional 184,553 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Up 1.6%

Shares of NYSE:ALLE opened at $147.06 on Tuesday. The company has a market capitalization of $12.67 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02. 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 business has a fifty day moving average price of $155.12 and a two-hundred day moving average price of $162.28. Allegion PLC has a 1 year low of $122.14 and a 1 year high of $183.11.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.07). The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Analysts forecast that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, March 13th. This is a positive change from Allegion's previous quarterly dividend of $0.51. Allegion's dividend payout ratio is currently 29.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ALLE shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Allegion in a research report on Wednesday, January 21st. JPMorgan Chase & Co. lowered their target price on Allegion from $190.00 to $180.00 and set an "overweight" rating on the stock in a research 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 on the stock in a research report on Wednesday, April 1st. Finally, Barclays decreased their price target on Allegion from $176.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $171.13.

Insider Buying and Selling at Allegion

In other news, Director Steven Mizell sold 1,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the transaction, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This represents a 16.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sue Main purchased 2,000 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $149.61 per share, with a total value of $299,220.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at $299,220. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.23% of the stock is currently owned by corporate insiders.

Allegion Company 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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