Marshall Financial Group LLC Purchases New Position in Allegion PLC $ALLE

Marshall Financial Group LLC acquired a new position in Allegion PLC (NYSE:ALLE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,412 shares of the scientific and technical instruments company’s stock, valued at approximately $1,499,000.

A number of other hedge funds have also bought and sold shares of ALLE. Westside Investment Management Inc. boosted 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 acquiring an additional 70 shares during the period. First Horizon Corp bought a new stake in shares of Allegion during the 3rd quarter valued at $26,000. Hantz Financial Services Inc. lifted its holdings in Allegion by 120.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Allegion during the 3rd quarter worth about $29,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Allegion in the 3rd quarter worth about $36,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Allegion

In related news, Director Sue Main bought 2,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at $299,220. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. This represents a 16.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Allegion Price Performance

Allegion stock opened at $142.43 on Monday. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 3.08 and a beta of 1.03. 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 business has a 50-day simple moving average of $161.74 and a 200 day simple moving average of $165.77. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $183.11.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). The business had revenue of $1.03 billion during 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 revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.55 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. Allegion’s payout ratio is 29.57%.

Analyst Ratings Changes

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

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.