Picton Mahoney Asset Management Purchases 7,091 Shares of Allegion PLC $ALLE

Picton Mahoney Asset Management raised its holdings in shares of Allegion PLC (NYSE:ALLE) by 168.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,302 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,091 shares during the quarter. Picton Mahoney Asset Management’s holdings in Allegion were worth $2,005,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Allegion by 16.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock valued at $75,000 after buying an additional 60 shares in the last quarter. Huntington National Bank raised its holdings in Allegion by 7.7% during the 2nd quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock valued at $123,000 after acquiring an additional 61 shares during the period. HM Payson & Co. lifted its position in shares of Allegion by 2.4% during the third quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock worth $469,000 after acquiring an additional 63 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of Allegion by 4.5% in the third quarter. Fulton Bank N.A. now owns 1,529 shares of the scientific and technical instruments company’s stock worth $271,000 after acquiring an additional 66 shares during the period. Finally, Rovin Capital UT ADV boosted its holdings in shares of Allegion by 1.6% in the third quarter. Rovin Capital UT ADV now owns 4,207 shares of the scientific and technical instruments company’s stock worth $746,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity

In related news, Director Steven Mizell sold 1,000 shares of the stock in a transaction on Thursday, February 19th. The shares were 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 of the company’s stock, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ALLE. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Barclays lowered their price target on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating on the stock in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $175.00.

Allegion Trading Down 2.9%

Shares of ALLE stock opened at $152.15 on Friday. The business has a 50-day moving average price of $165.03 and a two-hundred day moving average price of $167.61. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $183.11. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The firm has a market cap of $13.11 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 3.39 and a beta of 1.03.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities analysts anticipate that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio (DPR) is presently 27.42%.

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.