M&T Bank Corp Reduces Stock Position in Allegion PLC $ALLE

Key Points

• M&T Bank Corp cut its Allegion holding by 76.1% in Q4, selling 10,490 shares and leaving 3,292 shares valued at $524,000.
• Allegion reported Q results that missed EPS expectations ($1.80 vs. $1.88) while revenue rose 9.7% year‑over‑year to $1.03B, and it set FY2026 guidance of 8.70–8.90 EPS.
• The board authorized a $500 million share repurchase (about 3.9% of shares) and declared a quarterly dividend of $0.55 per share (annualized $2.20, ~1.6% yield; ex‑dividend June 15).

M&T Bank Corp lowered its position in Allegion PLC (NYSE:ALLE - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,292 shares of the scientific and technical instruments company's stock after selling 10,490 shares during the quarter. M&T Bank Corp's holdings in Allegion were worth $524,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ALLE. Westside Investment Management Inc. increased its holdings in shares of 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 worth $25,000 after purchasing an additional 70 shares during the period. 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 acquiring an additional 115 shares during the last quarter. First Horizon Corp bought a new position in Allegion in the third quarter valued at $26,000. 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 acquiring an additional 81 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Allegion in the third quarter valued at $29,000. Institutional investors own 92.21% of the company's stock.

Allegion Trading Down 1.4%

NYSE:ALLE opened at $135.61 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.16 and a debt-to-equity ratio of 0.97. Allegion PLC has a 12 month low of $134.67 and a 12 month high of $183.11. The company has a market cap of $11.65 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.82 and a beta of 0.89. The company has a 50 day simple moving average of $147.28 and a two-hundred day simple moving average of $159.39.

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

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, June 15th. Allegion's dividend payout ratio (DPR) is currently 30.05%.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America cut their price target on shares of Allegion from $185.00 to $157.00 and set a "neutral" rating for the company in a research report on Monday, April 20th. Robert W. Baird set a $165.00 target price on shares of Allegion in a report on Wednesday. Wells Fargo & Company lowered their price objective on shares of Allegion from $175.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Evercore upgraded shares of Allegion to a "strong-buy" rating in a report on Monday, April 13th. Finally, Weiss Ratings downgraded shares of Allegion from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $164.00.

Insider Buying and Selling at Allegion

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.