Janus Henderson Group PLC Grows Stock Position in Allegion PLC $ALLE

Janus Henderson Group PLC increased its stake in Allegion PLC (NYSE:ALLE) by 92.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,833 shares of the scientific and technical instruments company’s stock after buying an additional 5,686 shares during the quarter. Janus Henderson Group PLC’s holdings in Allegion were worth $1,719,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion in the second quarter valued at $33,000. Hantz Financial Services Inc. boosted its stake in shares of Allegion by 45.9% during the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 68 shares during the period. Bard Associates Inc. bought a new position in Allegion during the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Allegion in the 3rd quarter worth about $36,000. Finally, MUFG Securities EMEA plc purchased a new stake in Allegion in the 2nd quarter worth about $37,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegion

In related news, CAO Nickolas A. Musial sold 687 shares of Allegion stock in a transaction that occurred on Thursday, July 23rd. The shares were 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 of the company’s stock, valued at $1,053,690. This trade represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vincent Wenos sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 12,096 shares of the company’s stock, valued at $2,035,152. This trade represents a 7.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 11,288 shares of company stock valued at $1,764,593. 0.64% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ALLE has been the topic of a number of analyst reports. Barclays cut their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. 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. Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th. Robert W. Baird set a $170.00 target price on Allegion in a research note on Friday, July 24th. Finally, Bank of America decreased their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $164.75.

Allegion Stock Up 0.0%

NYSE:ALLE opened at $169.01 on Monday. 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 1-year low of $125.00 and a 1-year high of $183.11. The company has a 50-day moving average of $141.31 and a 200 day moving average of $146.70. The firm has a market cap of $14.37 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 3.43 and a beta of 0.84.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating 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 the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $2.04 EPS. The company’s revenue for the quarter 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, research analysts anticipate that Allegion PLC will post 8.93 EPS for the current fiscal year.

Allegion announced that its Board of Directors has authorized a share repurchase program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Allegion 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.