Mitsubishi UFJ Asset Management Co. Ltd. Acquires 6,220 Shares of Allegion PLC $ALLE

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Allegion PLC (NYSE:ALLE) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,903 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,220 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Allegion worth $30,487,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Allegion by 7.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company’s stock worth $1,251,000 after purchasing an additional 626 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Allegion by 35.3% in the first quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock valued at $427,000 after acquiring an additional 854 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Allegion by 44.2% in the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company’s stock worth $213,000 after acquiring an additional 499 shares during the period. Empowered Funds LLC grew its holdings in Allegion by 13.0% during the 1st quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock worth $740,000 after acquiring an additional 651 shares in the last quarter. Finally, Focus Partners Wealth increased its position in Allegion by 204.5% during the 1st quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company’s stock valued at $937,000 after purchasing an additional 4,826 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALLE. Barclays lowered their price target on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a research report on Monday, February 23rd. JPMorgan Chase & Co. cut their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Allegion currently has a consensus rating of “Hold” and a consensus price target of $175.00.

Allegion Trading Up 0.3%

NYSE ALLE opened at $160.91 on Monday. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $183.11. The company has a fifty day simple moving average of $165.29 and a two-hundred day simple moving average of $167.90. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. The stock has a market cap of $13.86 billion, a P/E ratio of 21.63, a P/E/G ratio of 3.49 and a beta of 1.03.

Allegion (NYSE:ALLE) last released its earnings results 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). Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $1.86 earnings per share. Allegion’s revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, analysts forecast that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.55 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Allegion’s dividend payout ratio (DPR) is 27.42%.

Insider Activity at Allegion

In related news, Director Steven Mizell sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director owned 4,915 shares in the company, valued at $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.23% of the stock is owned by company insiders.

Allegion Company 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.