Intech Investment Management LLC Has $557,000 Position in Allegion PLC $ALLE

Intech Investment Management LLC lowered its holdings in shares of Allegion PLC (NYSE:ALLE) by 67.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,496 shares of the scientific and technical instruments company’s stock after selling 7,323 shares during the quarter. Intech Investment Management LLC’s holdings in Allegion were worth $557,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ALLE. Millennium Management LLC raised its position in shares of Allegion by 817.1% during the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock worth $54,700,000 after purchasing an additional 274,800 shares during the period. State Street Corp raised its position in Allegion by 6.6% in the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock valued at $750,584,000 after buying an additional 260,973 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Allegion by 10.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock valued at $412,876,000 after buying an additional 236,248 shares during the last quarter. Caisse de depot et placement du Quebec raised its position in Allegion by 188.2% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 289,761 shares of the scientific and technical instruments company’s stock valued at $51,389,000 after buying an additional 189,236 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Allegion by 2,028.5% in the 4th quarter. SG Americas Securities LLC now owns 193,651 shares of the scientific and technical instruments company’s stock valued at $30,833,000 after buying an additional 184,553 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Up 2.7%

ALLE stock opened at $131.06 on Wednesday. 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 moving average price of $136.80 and a two-hundred day moving average price of $152.38. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.65 and a beta of 0.86. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11.

Allegion (NYSE:ALLE) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a return on equity of 35.41% and a net margin of 15.24%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Analysts anticipate that Allegion PLC will post 8.73 EPS for the current fiscal year.

Allegion declared that its Board of Directors has approved a stock buyback 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 repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Allegion Dividend Announcement

The firm also recently announced 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 1.7%. The ex-dividend date is Monday, June 15th. Allegion’s payout ratio is currently 30.05%.

Insider Activity at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of Allegion stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares in the company, valued at approximately $1,175,375.50. The trade was a 31.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALLE. Robert W. Baird set a $165.00 target price on Allegion in a research report on Wednesday, April 29th. Bank of America dropped their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Evercore raised Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Wells Fargo & Company dropped their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Finally, Barclays dropped their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Allegion currently has a consensus rating of “Hold” and a consensus price target of $160.38.

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.