46,406 Shares in Allegion PLC $ALLE Purchased by Wedmont Private Capital

Wedmont Private Capital purchased a new stake in Allegion PLC (NYSE:ALLE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,406 shares of the scientific and technical instruments company’s stock, valued at approximately $7,136,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Allegion by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 853,222 shares of the scientific and technical instruments company’s stock valued at $123,952,000 after buying an additional 13,186 shares in the last quarter. Hawk Ridge Capital Management LP increased its stake in shares of Allegion by 32.9% in the 1st quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company’s stock worth $116,640,000 after acquiring an additional 198,800 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Allegion by 191.8% during the 4th quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after acquiring an additional 410,346 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Allegion by 19.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 599,326 shares of the scientific and technical instruments company’s stock valued at $87,076,000 after acquiring an additional 97,304 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of Allegion by 8.1% in the first quarter. Boston Trust Walden Corp now owns 566,792 shares of the scientific and technical instruments company’s stock valued at $82,349,000 after purchasing an additional 42,660 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ALLE shares. Weiss Ratings upgraded shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Robert W. Baird set a $170.00 price target on shares of Allegion in a report on Friday, July 24th. Evercore reaffirmed an “outperform” rating and set a $180.00 price target on shares of Allegion in a research report on Tuesday, September 22nd. Finally, Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $162.50.

Allegion Trading Up 1.2%

ALLE stock traded up $1.78 during mid-day trading on Friday, hitting $151.77. 306,127 shares of the company were exchanged, compared to its average volume of 1,093,201. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $12.91 billion, a P/E ratio of 19.90, a PEG ratio of 3.01 and a beta of 0.81. The business has a fifty day simple moving average of $157.87 and a 200-day simple moving average of $145.26. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.18. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period last year, the business earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, equities research analysts predict that Allegion PLC will post 8.93 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is 28.87%.

Insider Buying and Selling

In other news, SVP Vincent Wenos sold 1,000 shares of Allegion 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 completion of the sale, the senior vice president directly owned 12,096 shares of the company’s stock, valued at approximately $2,035,152. The trade was a 7.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Nickolas A. Musial sold 687 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the sale, the chief accounting officer owned 6,798 shares in the company, valued at $1,053,690. This represents a 9.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,288 shares of company stock valued at $1,764,593 over the last quarter. 0.64% of the stock is owned by corporate insiders.

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.