Mitsubishi UFJ Trust & Banking Corp Purchases 9,797 Shares of Allegion PLC $ALLE

Key Points

• Mitsubishi UFJ Trust & Banking Corp boosted its stake in Allegion by 13.1%, buying 9,797 shares to own 84,436 shares valued at about $13.44 million (~0.10% of the company).
• Allegion initiated a $500 million share buyback and reported quarterly EPS of $1.80 (missed estimates by $0.08) with revenue up 9.7% year‑over‑year and FY2026 guidance of 8.70–8.90 EPS.
• The company declared a quarterly dividend of $0.55 (1.6% yield; ex‑dividend June 15), while analysts' consensus is a "Hold" with an average price target near $164.

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,436 shares of the scientific and technical instruments company's stock after acquiring an additional 9,797 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of Allegion worth $13,444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALLE. Forvis Mazars Wealth Advisors LLC purchased a new position in Allegion during the third quarter valued at $2,838,000. Fusion Capital LLC purchased a new position in shares of Allegion in the third quarter valued at about $4,406,000. Massachusetts Financial Services Co. MA lifted its position in shares of Allegion by 5.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company's stock valued at $417,991,000 after acquiring an additional 113,821 shares in the last quarter. National Pension Service lifted its position in shares of Allegion by 449.4% in the third quarter. National Pension Service now owns 7,785 shares of the scientific and technical instruments company's stock valued at $1,381,000 after acquiring an additional 6,368 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Allegion by 90.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 75,067 shares of the scientific and technical instruments company's stock valued at $13,289,000 after acquiring an additional 35,556 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Trading Down 1.4%

Shares of ALLE stock opened at $135.61 on Friday. Allegion PLC has a 12-month low of $134.67 and a 12-month high of $183.11. The company has a current ratio of 1.91, a quick ratio of 1.16 and a debt-to-equity ratio of 0.97. The stock's 50-day moving average price is $147.28 and its 200-day moving average price is $159.49. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) 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 firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $1.86 earnings per share. The company'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. Equities research analysts predict that Allegion PLC will post 8.73 EPS for the current fiscal year.

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

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. Allegion's payout ratio is 29.57%.

Insider Activity

In other news, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director directly owned 4,915 shares of the company's stock, valued at approximately $793,821.65. The trade was a 16.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sue Main bought 2,000 shares of Allegion stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company's stock, valued at approximately $299,220. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

ALLE has been the topic of several research analyst reports. Robert W. Baird set a $165.00 price objective on Allegion in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Allegion from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday. Wells Fargo & Company lowered their price objective 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. Evercore upgraded Allegion to a "strong-buy" rating in a research report on Monday, April 13th. Finally, Barclays lowered their price objective on Allegion from $165.00 to $161.00 and set an "equal weight" rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Allegion currently has an average rating of "Hold" and an average price target of $164.00.

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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