Allegion PLC $ALLE Stake Increased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lifted its holdings in Allegion PLC (NYSE:ALLE) by 20.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,106 shares of the scientific and technical instruments company’s stock after buying an additional 5,795 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Allegion were worth $4,955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. increased its holdings in shares of Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Allegion during the second quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its position in Allegion by 45.9% during the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 68 shares in the last quarter. Bard Associates Inc. acquired a new position in Allegion in the 4th quarter valued at approximately $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Allegion in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Trading Up 0.1%

Shares of NYSE:ALLE opened at $135.08 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $11.61 billion, a PE ratio of 18.45, a P/E/G ratio of 2.81 and a beta of 0.85. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11. The firm has a fifty day moving average price of $133.20 and a 200 day moving average price of $148.28.

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

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, June 15th. Allegion’s payout ratio is 30.05%.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALLE. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, June 11th. Morgan Stanley dropped their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Robert W. Baird set a $165.00 price objective on Allegion in a research report on Wednesday, April 29th. Wells Fargo & Company lowered their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings downgraded Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Allegion has a consensus rating of “Hold” and a consensus target price of $160.89.

Insiders Place Their Bets

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the company’s 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 sale, the senior vice president owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This represents a 31.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.64% of the company’s stock.

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.