Entropy Technologies LP Takes Position in Allegion PLC $ALLE

Entropy Technologies LP purchased a new stake in Allegion PLC (NYSE:ALLE) in the first quarter, HoldingsChannel reports. The fund purchased 6,116 shares of the scientific and technical instruments company’s stock, valued at approximately $889,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. increased its stake in Allegion by 255.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 115 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Allegion in the 2nd quarter valued at approximately $33,000. Hantz Financial Services Inc. lifted its stake 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 valued at $34,000 after purchasing an additional 68 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Allegion in the 4th quarter worth approximately $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Allegion in the 3rd quarter worth approximately $36,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity at Allegion

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the transaction, the senior vice president directly owned 8,570 shares in the company, valued at $1,175,375.50. This represents a 31.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Nickolas A. Musial sold 687 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction of $106,485.00. Following the transaction, the chief accounting officer directly owned 6,798 shares in the company, valued at approximately $1,053,690. This trade represents a 9.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,864 shares of company stock worth $1,134,845 in the last 90 days. 0.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ALLE shares. Morgan Stanley decreased their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Bank of America dropped their price objective on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Thursday, June 11th. Weiss Ratings downgraded shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Finally, Evercore raised shares of Allegion to a “strong-buy” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Allegion presently has an average rating of “Hold” and a consensus price target of $164.75.

Allegion Stock Performance

ALLE stock opened at $161.01 on Wednesday. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11. The firm has a market cap of $13.69 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 3.22 and a beta of 0.85. The business’s fifty day simple moving average is $136.10 and its two-hundred day simple moving average is $146.70. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96.

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

Allegion declared that its Board of Directors has initiated 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 buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

About Allegion

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.