Allegion PLC $ALLE Shares Sold by Ninety One North America Inc.

Ninety One North America Inc. lessened its holdings in Allegion PLC (NYSE:ALLE) by 44.5% during the third quarter, HoldingsChannel.com reports. The fund owned 72,211 shares of the scientific and technical instruments company’s stock after selling 57,887 shares during the period. Ninety One North America Inc.’s holdings in Allegion were worth $11,104,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ALLE. Wealth Alliance LLC grew its position in shares of Allegion by 4.5% during the first quarter. Wealth Alliance LLC now owns 2,644 shares of the scientific and technical instruments company’s stock worth $384,000 after buying an additional 114 shares in the last quarter. OLD National Bancorp IN raised its holdings in Allegion by 6.2% in the first quarter. OLD National Bancorp IN now owns 1,973 shares of the scientific and technical instruments company’s stock valued at $287,000 after acquiring an additional 116 shares in the last quarter. Allworth Financial LP lifted its stake in Allegion by 9.5% in the second quarter. Allworth Financial LP now owns 1,368 shares of the scientific and technical instruments company’s stock worth $192,000 after acquiring an additional 119 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in Allegion by 7.9% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,831 shares of the scientific and technical instruments company’s stock worth $266,000 after acquiring an additional 134 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Allegion by 6.5% during the 2nd quarter. NewEdge Advisors LLC now owns 2,274 shares of the scientific and technical instruments company’s stock worth $319,000 after acquiring an additional 138 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 the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the completion of the sale, the senior vice president owned 29,919 shares in the company, valued at $4,705,061.94. This represents a 17.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vincent Wenos sold 1,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $168.25, for a total transaction of $168,250.00. Following the sale, the senior vice president owned 12,096 shares of the company’s stock, valued at approximately $2,035,152. This 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 worth $1,764,593. Corporate insiders own 0.64% of the company’s stock.

Allegion Stock Performance

Shares of ALLE traded up $2.77 during midday trading on Thursday, reaching $155.27. 439,793 shares of the stock were exchanged, compared to its average volume of 1,090,689. The business’s 50-day moving average price is $156.94 and its 200 day moving average price is $145.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 3.11 and a beta of 0.81.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.18. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, sell-side analysts expect that Allegion PLC will post 8.94 EPS for the current fiscal year.

Allegion Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Allegion

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.