Groupama Asset Managment Sells 3,250 Shares of Allegion PLC $ALLE

Groupama Asset Managment lowered its holdings in Allegion PLC (NYSE:ALLE) by 59.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,227 shares of the scientific and technical instruments company’s stock after selling 3,250 shares during the period. Groupama Asset Managment’s holdings in Allegion were worth $324,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Pinnacle Bancorp Inc. raised its stake in Allegion by 255.6% in the fourth 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 in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Allegion in the 2nd quarter worth approximately $33,000. Hantz Financial Services Inc. increased its holdings in shares of Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 68 shares during the last quarter. Bard Associates Inc. bought a new position in shares of Allegion in the 4th quarter worth $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Allegion during the 3rd quarter valued at $36,000. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of Allegion stock opened at $157.66 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a fifty day moving average of $137.75 and a 200-day moving average of $146.59. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 3.20 and a beta of 0.85.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company earned $2.04 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities research analysts expect that Allegion PLC will post 8.92 EPS for the current year.

Allegion declared that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other news, CFO Michael J. Wagnes sold 3,184 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total value of $480,720.32. Following the completion of the sale, the chief financial officer owned 31,299 shares of the company’s stock, valued at approximately $4,725,523.02. The trade was a 9.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Robert C. Martens sold 3,993 shares of the firm’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 value of $547,639.95. Following the transaction, the senior vice president owned 8,570 shares in the company, valued at approximately $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,281 shares of company stock worth $2,143,983 in the last ninety days. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALLE. Robert W. Baird set a $170.00 target price on shares of Allegion in a research report on Friday, July 24th. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Thursday, June 11th. Barclays dropped their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price objective on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Weiss Ratings cut Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. One 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 stock. According to MarketBeat.com, Allegion currently has a consensus rating of “Hold” and a consensus price target of $164.75.

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.