Diversified Management Inc. Purchases 13,500 Shares of Allegion PLC $ALLE

Key Points

• Diversified Management Inc. increased its Allegion stake by 670% in the third quarter, purchasing 13,500 additional shares for a total holding of 15,515 shares valued at approximately $2.39 million. Other institutional investors also boosted their positions, with institutions owning 92.21% of the stock.
• Allegion reported quarterly EPS of $2.40, exceeding analyst estimates of $2.22, while revenue rose 12.7% year over year to $1.15 billion. The company issued annualized dividends of $2.20 per share, representing a 1.5% yield.
• Analysts maintain a consensus “Hold” rating on Allegion, with an average price target of $162.50 versus the reported share price of $150.19. Recent insider activity was mixed, including stock sales by executives and a small purchase by a director.

Diversified Management Inc. grew its position in Allegion PLC (NYSE:ALLE - Free Report) by 670.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,515 shares of the scientific and technical instruments company's stock after acquiring an additional 13,500 shares during the quarter. Diversified Management Inc.'s holdings in Allegion were worth $2,386,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC raised its position in Allegion by 1,653.5% in the 3rd quarter. GAMMA Investing LLC now owns 33,018 shares of the scientific and technical instruments company's stock valued at $5,077,000 after purchasing an additional 31,135 shares during the last quarter. Dorato Capital Management increased its stake in Allegion by 54.4% in the third quarter. Dorato Capital Management now owns 2,880 shares of the scientific and technical instruments company's stock valued at $426,000 after purchasing an additional 1,015 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Allegion by 1,617.9% in the third quarter. Farther Finance Advisors LLC now owns 27,555 shares of the scientific and technical instruments company's stock valued at $4,237,000 after buying an additional 25,951 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Allegion by 317.1% in the third quarter. CoreCap Advisors LLC now owns 15,838 shares of the scientific and technical instruments company's stock valued at $2,435,000 after buying an additional 12,041 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in shares of Allegion by 7,080.6% during the third quarter. Toth Financial Advisory Corp now owns 4,452 shares of the scientific and technical instruments company's stock worth $685,000 after buying an additional 4,390 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Trading Up 1.5%

NYSE:ALLE 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 company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The stock has a fifty day moving average price of $157.87 and a two-hundred day moving average price of $145.26. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 3.01 and a beta of 0.81.

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

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Allegion's dividend payout ratio (DPR) is presently 28.87%.

Insider Activity

In other Allegion news, SVP Vincent Wenos sold 1,000 shares of the business's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $168.25, for a total transaction of $168,250.00. Following the sale, the senior vice president directly owned 12,096 shares in the company, valued at approximately $2,035,152. The trade was a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Mizell purchased 170 shares of the company's stock in a transaction dated Friday, August 28th. The stock was purchased at an average price of $158.28 per share, with a total value of $26,907.60. Following the transaction, the director owned 5,899 shares of the company's stock, valued at approximately $933,693.72. This represents a 2.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 11,288 shares of company stock valued at $1,764,593 in the last 90 days. Insiders own 0.64% of the company's stock.

Analyst Ratings Changes

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