Triodos Investment Management BV Decreases Stake in Allegion PLC $ALLE

Triodos Investment Management BV decreased its holdings in shares of Allegion PLC (NYSE:ALLE) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,000 shares of the scientific and technical instruments company’s stock after selling 5,000 shares during the quarter. Allegion comprises about 1.9% of Triodos Investment Management BV’s portfolio, making the stock its 26th biggest holding. Triodos Investment Management BV owned approximately 0.17% of Allegion worth $25,716,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. State Street Corp boosted its position in Allegion by 0.8% during the second quarter. State Street Corp now owns 3,971,235 shares of the scientific and technical instruments company’s stock worth $572,336,000 after acquiring an additional 31,322 shares during the last quarter. Geode Capital Management LLC lifted its stake in Allegion by 15.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company’s stock worth $369,514,000 after purchasing an additional 339,025 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Allegion by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock worth $417,991,000 after purchasing an additional 113,821 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Allegion by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 942,212 shares of the scientific and technical instruments company’s stock valued at $167,104,000 after purchasing an additional 67,074 shares in the last quarter. Finally, Berkshire Hathaway Inc acquired a new stake in shares of Allegion in the second quarter valued at approximately $112,433,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Performance

NYSE ALLE opened at $162.34 on Friday. The stock has a market cap of $13.98 billion, a PE ratio of 21.82, a P/E/G ratio of 3.51 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.11 and a debt-to-equity ratio of 0.96. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $183.11. The stock has a fifty day simple moving average of $165.46 and a 200-day simple moving average of $168.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.07). The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio is 27.42%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALLE. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Barclays dropped their price objective on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $175.50.

Insider Buying and Selling at Allegion

In related news, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the sale, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

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.