Danske Bank A S Acquires 38,366 Shares of Allegion PLC $ALLE

Key Points

• Danske Bank A/S increased its stake in Allegion by 36% in Q4, acquiring 38,366 shares to hold 144,913 shares worth about $23.07 million (roughly 0.17% of the company).
• Allegion's Board authorized a $500 million stock buyback (up to ~3.9% of shares) and declared a quarterly dividend of $0.55 per share (annualized $2.20, yield ~1.6%, ex-dividend June 15).
• Allegion reported Q1 EPS of $1.80, missing consensus of $1.88 despite 9.7% revenue growth to $1.03 billion, and set FY2026 guidance of 8.70–8.90 EPS (analysts forecast ~8.73).

Danske Bank A S grew its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 36.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,913 shares of the scientific and technical instruments company's stock after acquiring an additional 38,366 shares during the quarter. Danske Bank A S owned about 0.17% of Allegion worth $23,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Millennium Management LLC boosted its position in Allegion by 817.1% in 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 last quarter. State Street Corp boosted its position in Allegion by 6.6% in 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 last quarter. Massachusetts Financial Services Co. MA boosted its position in Allegion by 10.0% in 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 last quarter. Caisse de depot et placement du Quebec boosted its position in Allegion by 188.2% in 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 last quarter. Finally, SG Americas Securities LLC boosted its position in Allegion by 2,028.5% in 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 last quarter. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

ALLE has been the topic of a number of recent research reports. Robert W. Baird set a $165.00 price target on Allegion in a research report on Wednesday. Evercore raised Allegion to a "strong-buy" rating in a research report on Monday, April 13th. Bank of America dropped their price target on Allegion from $185.00 to $157.00 and set a "neutral" rating on the stock in a research report on Monday, April 20th. Weiss Ratings cut Allegion from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their price target on Allegion from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $164.00.

Insider Transactions at Allegion

In other news, Director Sue Main acquired 2,000 shares of Allegion stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at $299,220. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven Mizell sold 1,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the transaction, the director owned 4,915 shares in the company, valued at $793,821.65. This trade 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.

Allegion Stock Performance

NYSE:ALLE opened at $135.61 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 1.91. Allegion PLC has a 52-week low of $134.67 and a 52-week high of $183.11. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.82 and a beta of 0.89. The business's fifty day moving average is $147.28 and its 200 day moving average is $159.39.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Research analysts predict that Allegion PLC will post 8.73 EPS for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, June 15th. Allegion's payout ratio is presently 30.05%.

Allegion announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

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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