Hussman Strategic Advisors Inc. Buys Shares of 14,700 Allegion PLC $ALLE

Key Points

• Hussman Strategic Advisors bought a new stake of 14,700 Allegion shares in Q4, valued at about $2.34 million, and institutional investors now own roughly 92.21% of the company.
• Allegion's latest quarter missed EPS ($1.80 vs. $1.88 expected) while revenue matched $1.03B, and the company set FY2026 guidance of 8.70–8.90 EPS, roughly in line with analyst projections.
• The Board authorized a $500 million share buyback (about 3.9% of shares) and the company pays a quarterly dividend of $0.55 (annualized $2.20, ~1.6% yield), indicating a focus on returning capital to shareholders.

Hussman Strategic Advisors Inc. bought a new stake in shares of Allegion PLC (NYSE:ALLE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,700 shares of the scientific and technical instruments company's stock, valued at approximately $2,341,000.

A number of other hedge funds have also made changes to their positions in ALLE. Millennium Management LLC raised its holdings 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 valued at $54,700,000 after acquiring an additional 274,800 shares during the last quarter. State Street Corp increased its holdings in shares of 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 valued at $750,584,000 after purchasing an additional 260,973 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 valued at $412,876,000 after purchasing an additional 236,248 shares during the last quarter. Caisse de depot et placement du Quebec increased its holdings in shares of 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 valued at $51,389,000 after purchasing an additional 189,236 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of 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 valued at $30,833,000 after purchasing an additional 184,553 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insiders Place Their Bets

In other news, Director Sue Main acquired 2,000 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average cost of $149.61 per share, with a total value of $299,220.00. Following the completion of the purchase, the director owned 2,000 shares of the company's stock, valued at $299,220. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the sale, the director directly owned 4,915 shares of the company's stock, valued at $793,821.65. The trade was a 16.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.23% of the company's stock.

Allegion Trading Down 1.4%

Shares of Allegion stock opened at $135.61 on Friday. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.82 and a beta of 0.89. Allegion PLC has a fifty-two week low of $134.67 and a fifty-two week high of $183.11. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 1.91. The stock has a 50 day moving average of $147.28 and a 200 day moving average of $159.39.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a return on equity of 35.41% and a net margin of 15.24%.The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, research analysts predict that Allegion PLC will post 8.73 earnings per share for the current year.

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

Allegion Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ALLE shares. Wells Fargo & Company cut their price target on Allegion from $175.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Bank of America cut their price target on Allegion from $185.00 to $157.00 and set a "neutral" rating for the company in a report on Monday, April 20th. Weiss Ratings cut Allegion from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday. Barclays cut their price target on Allegion from $165.00 to $161.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on Allegion from $180.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $164.00.

Allegion 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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