Allegion PLC $ALLE Stock Position Raised by Mather Group LLC.

Mather Group LLC. boosted its position in shares of Allegion PLC (NYSE:ALLE) by 8,171.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,547 shares of the scientific and technical instruments company’s stock after buying an additional 38,081 shares during the period. Mather Group LLC.’s holdings in Allegion were worth $5,927,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ALLE. Continuum Advisory LLC acquired a new position in shares of Allegion during the second quarter valued at approximately $25,000. Elevation Wealth Partners LLC boosted its stake in shares of Allegion by 1,666.7% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Allegion in the second quarter worth approximately $42,000. Ameritas Advisory Services LLC purchased a new stake in shares of Allegion during the second quarter worth approximately $44,000. Finally, Blue Trust Inc. increased its position in shares of Allegion by 105.1% during the first quarter. Blue Trust Inc. now owns 771 shares of the scientific and technical instruments company’s stock worth $112,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Timothy Eckersley sold 6,417 shares of Allegion stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the transaction, the senior vice president owned 29,919 shares in the company, valued at approximately $4,705,061.94. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Vincent Wenos sold 1,000 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $168.25, for a total value of $168,250.00. Following the transaction, the senior vice president directly owned 12,096 shares in the company, valued at $2,035,152. This trade represents a 7.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 11,288 shares of company stock valued at $1,764,593. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several recent research reports. Robert W. Baird set a $170.00 price objective on Allegion in a research note on Friday, July 24th. Weiss Ratings upgraded Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Evercore reaffirmed an “outperform” rating and set a $180.00 target price on shares of Allegion in a report on Tuesday, September 22nd. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $162.50.

Allegion Stock Up 2.0%

Shares of NYSE ALLE opened at $155.52 on Friday. The stock has a market cap of $13.23 billion, a PE ratio of 18.07, a P/E/G ratio of 3.10 and a beta of 0.81. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. The company has a 50-day moving average of $156.67 and a 200 day moving average of $145.50.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $2.04 EPS. The business’s revenue was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, sell-side analysts predict that Allegion PLC will post 8.94 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.55 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Allegion’s dividend payout ratio is 28.87%.

Allegion Company Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion’s portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.