Jackson Creek Investment Advisors LLC Purchases Shares of 8,368 Allegion PLC $ALLE

Key Points

• Jackson Creek Investment Advisors opened a new position in Allegion PLC, buying 8,368 shares worth about $1.33 million in the fourth quarter.
• Allegion reported mixed quarterly results, with earnings of $1.80 per share missing estimates while revenue came in line at $1.03 billion and rose 9.7% year over year.
• The company also announced a $500 million share repurchase program and a quarterly dividend of $0.55 per share, yielding about 1.7% annually.

Jackson Creek Investment Advisors LLC purchased a new stake in Allegion PLC (NYSE:ALLE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,368 shares of the scientific and technical instruments company's stock, valued at approximately $1,332,000.

Other hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its stake in Allegion by 100.0% in the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 70 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Allegion by 120.9% in the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in Allegion in the third quarter valued at approximately $29,000. Finally, CYBER HORNET ETFs LLC purchased a new position in Allegion in the second quarter valued at approximately $33,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegion

In related news, Director Sue Main purchased 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $149.61 per share, with a total value of $299,220.00. Following the completion of the acquisition, the director directly owned 2,000 shares in the company, valued at $299,220. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the sale, the senior vice president directly owned 8,570 shares of the company's stock, valued at approximately $1,175,375.50. This represents a 31.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.64% of the stock is owned by company insiders.

Allegion Price Performance

Shares of NYSE ALLE opened at $131.34 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The stock has a fifty day moving average price of $139.46 and a 200 day moving average price of $154.54. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The company has a market cap of $11.29 billion, a PE ratio of 17.94, a P/E/G ratio of 2.73 and a beta of 0.89.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business earned $1.86 earnings per share. Allegion'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. Sell-side analysts forecast that Allegion PLC will post 8.74 EPS for the current year.

Allegion announced that its board has approved a share repurchase plan on Tuesday, April 28th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.7%. Allegion's dividend payout ratio (DPR) is currently 30.05%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore upgraded shares of Allegion to a "strong-buy" rating in a research note on Monday, April 13th. Bank of America lowered their target price on shares of Allegion from $185.00 to $157.00 and set a "neutral" rating on the stock in a research report on Monday, April 20th. Barclays lowered their target price on shares of Allegion from $165.00 to $161.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of Allegion from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company lowered their target price on shares of Allegion from $175.00 to $155.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $161.50.

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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