Squarepoint Ops LLC Sells 181,013 Shares of Allegion PLC $ALLE

Squarepoint Ops LLC reduced its holdings in shares of Allegion PLC (NYSE:ALLE - Free Report) by 64.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 99,369 shares of the scientific and technical instruments company's stock after selling 181,013 shares during the quarter. Squarepoint Ops LLC owned 0.12% of Allegion worth $13,960,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Allegion by 7.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company's stock valued at $1,251,000 after acquiring an additional 626 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Allegion by 35.3% in the 1st quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company's stock worth $427,000 after purchasing an additional 854 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Allegion by 44.2% during the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company's stock valued at $213,000 after purchasing an additional 499 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Allegion by 13.0% during the first quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company's stock worth $740,000 after purchasing an additional 651 shares during the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Allegion by 204.5% in the first quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company's stock valued at $937,000 after buying an additional 4,826 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allegion

In other news, CAO Nickolas A. Musial sold 687 shares of Allegion stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction of $106,485.00. Following the sale, the chief accounting officer directly owned 6,798 shares in the company, valued at $1,053,690. The trade was a 9.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vincent Wenos sold 1,000 shares of the firm's stock in a transaction dated 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 owned 12,096 shares of the company's stock, valued at $2,035,152. This trade represents a 7.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,288 shares of company stock valued at $1,764,593 in the last ninety days. Insiders own 0.64% of the company's stock.

Allegion Stock Performance

Shares of ALLE opened at $151.93 on Thursday. Allegion PLC has a one year low of $125.00 and a one year high of $183.11. The company has a market cap of $12.92 billion, a PE ratio of 19.94, a P/E/G ratio of 3.17 and a beta of 0.83. The stock has a 50-day moving average of $153.70 and a 200-day moving average of $145.09. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23.

Allegion (NYSE:ALLE - Get Free Report) last posted 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 the consensus estimate 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%. Allegion'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. On average, equities research analysts predict that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Allegion's dividend payout ratio is currently 28.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ALLE shares. Robert W. Baird set a $170.00 price target on shares of Allegion in a report on Friday, July 24th. Morgan Stanley lowered their target price on Allegion from $165.00 to $142.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 3rd. Longbow Research raised Allegion from a "neutral" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. Weiss Ratings raised Allegion from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Allegion presently has a consensus rating of "Hold" and a consensus target price of $164.75.

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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