California State Teachers Retirement System Boosts Stake in Allegion PLC $ALLE

California State Teachers Retirement System grew its stake in Allegion PLC (NYSE:ALLE) by 13,296.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,430,040 shares of the scientific and technical instruments company’s stock after acquiring an additional 18,292,470 shares during the quarter. California State Teachers Retirement System owned about 0.22% of Allegion worth $2,589,236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boston Partners lifted its stake in shares of Allegion by 1.0% during the 3rd quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock worth $842,026,000 after purchasing an additional 48,199 shares during the last quarter. State Street Corp grew its stake in Allegion by 6.6% in the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock valued at $750,584,000 after purchasing an additional 260,973 shares during the last quarter. Geode Capital Management LLC grew its stake in Allegion by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock valued at $427,521,000 after purchasing an additional 13,880 shares during the last quarter. Invesco Ltd. raised its holdings in Allegion by 12.7% in the fourth quarter. Invesco Ltd. now owns 1,402,682 shares of the scientific and technical instruments company’s stock worth $223,335,000 after purchasing an additional 157,724 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Allegion by 4.5% in the third quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company’s stock worth $214,605,000 after purchasing an additional 52,612 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Trading Down 0.3%

Shares of NYSE:ALLE opened at $151.31 on Friday. The business’s 50-day moving average is $153.92 and its 200 day moving average is $145.01. 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 firm has a market capitalization of $12.87 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.09 and a beta of 0.83.

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

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is presently 28.87%.

Insider Buying and Selling

In other Allegion news, CAO Nickolas A. Musial sold 687 shares of the company’s 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 owned 6,798 shares in the company, valued at approximately $1,053,690. This represents a 9.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Eckersley sold 6,417 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president directly owned 29,919 shares of the company’s stock, valued at approximately $4,705,061.94. This represents a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,288 shares of company stock worth $1,764,593 over the last ninety days. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALLE. Morgan Stanley lowered their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. Robert W. Baird set a $170.00 price objective on shares of Allegion in a research note on Friday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $164.75.

Allegion Profile

Allegion plc (NYSE:ALLE) is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion’s brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

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