UBS Group AG Trims Position in Allegion PLC $ALLE

Key Points

• UBS Group AG trimmed its stake in Allegion by 9.9% in Q4, selling 41,888 shares and ending the period with 382,647 shares (about 0.44% ownership) worth roughly $60.9 million.
• Allegion reported Q earnings that missed estimates—$1.80 EPS versus $1.88 expected—while revenue matched $1.03 billion, and the company set FY2026 guidance of 8.70–8.90 EPS (analysts average 8.73).
• The board authorized a $500 million share buyback (up to ~3.9% of shares) and declared a quarterly dividend of $0.55, implying a 1.7% yield.

UBS Group AG lessened its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 382,647 shares of the scientific and technical instruments company's stock after selling 41,888 shares during the quarter. UBS Group AG owned 0.44% of Allegion worth $60,925,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ALLE. Westside Investment Management Inc. increased its position in Allegion by 100.0% during 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 acquiring an additional 70 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in Allegion by 255.6% during 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 purchased a new stake in Allegion during the third quarter valued at $26,000. Hantz Financial Services Inc. increased its position in Allegion by 120.9% during 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 purchased a new stake in Allegion during the third quarter valued at $29,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Stock Performance

Shares of ALLE opened at $132.46 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. The business has a 50-day simple moving average of $147.28 and a two-hundred day simple moving average of $159.28. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.82 and a beta of 0.89. Allegion PLC has a 52 week low of $131.22 and a 52 week high of $183.11.

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 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.08). The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, analysts expect that Allegion PLC will post 8.73 EPS for the current year.

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

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.55 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. Allegion's dividend payout ratio is presently 30.05%.

Insider Transactions at Allegion

In other Allegion news, Director Steven Mizell sold 1,000 shares of the company's 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 completion of the sale, the director owned 4,915 shares in the company, valued at $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sue Main purchased 2,000 shares of Allegion stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $149.61 per share, with a total value of $299,220.00. Following the transaction, the director owned 2,000 shares of the company's stock, valued at approximately $299,220. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.64% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on ALLE. Evercore upgraded Allegion to a "strong-buy" rating in a research report on Monday, April 13th. Bank of America reduced their price objective on Allegion from $185.00 to $157.00 and set a "neutral" rating for the company in a research report on Monday, April 20th. Barclays reduced their price objective on Allegion from $165.00 to $161.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reduced their price objective on Allegion from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company reduced their price objective on Allegion from $175.00 to $155.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Allegion has an average rating of "Hold" and an average 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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