Oak Thistle LLC Acquires 4,126 Shares of Allegion PLC $ALLE

Oak Thistle LLC boosted its holdings in Allegion PLC (NYSE:ALLE) by 82.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,156 shares of the scientific and technical instruments company’s stock after buying an additional 4,126 shares during the quarter. Oak Thistle LLC’s holdings in Allegion were worth $1,458,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Allegion by 16.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 60 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in Allegion by 2.7% during the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock valued at $380,000 after purchasing an additional 60 shares during the last quarter. HM Payson & Co. lifted its holdings in Allegion by 2.4% during the third quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $469,000 after purchasing an additional 63 shares during the last quarter. Banque de Luxembourg S.A. lifted its holdings in Allegion by 0.3% during the fourth quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock valued at $3,550,000 after purchasing an additional 65 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Allegion by 4.5% during the third quarter. Fulton Bank N.A. now owns 1,529 shares of the scientific and technical instruments company’s stock valued at $271,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Up 3.6%

Shares of ALLE opened at $144.40 on Thursday. The business’s 50-day moving average price is $156.26 and its 200-day moving average price is $163.00. Allegion PLC has a twelve month low of $116.65 and a twelve month high of $183.11. The stock has a market cap of $12.44 billion, a PE ratio of 19.41, a P/E/G ratio of 3.05 and a beta of 1.02. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share 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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company earned $1.86 earnings per share. The company’s quarterly 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, equities analysts forecast that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. This is a positive change from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, March 13th. Allegion’s dividend payout ratio (DPR) is currently 29.57%.

Wall Street Analysts Forecast Growth

ALLE has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Wells Fargo & Company decreased their price target on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Barclays decreased their price target on Allegion from $176.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. decreased their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $171.13.

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 shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the transaction, the director directly owned 4,915 shares in the company, valued at approximately $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sue Main acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at $299,220. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.23% of the stock is currently owned by corporate insiders.

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.