National Pension Service Has $3.04 Million Position in Allegion PLC $ALLE

National Pension Service lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 145.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,072 shares of the scientific and technical instruments company’s stock after acquiring an additional 11,287 shares during the period. National Pension Service’s holdings in Allegion were worth $3,037,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of 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 increased its stake 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 worth $427,000 after purchasing an additional 854 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 499 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Allegion by 13.0% in the first quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock worth $740,000 after purchasing an additional 651 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in shares of Allegion by 204.5% in the first quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company’s stock worth $937,000 after purchasing an additional 4,826 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Trading Up 0.1%

Shares of Allegion stock opened at $130.21 on Tuesday. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11. The firm has a market cap of $11.19 billion, a PE ratio of 17.79, a PEG ratio of 2.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The company has a 50 day simple moving average of $138.62 and a two-hundred day simple moving average of $153.76.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Analysts expect that Allegion PLC will post 8.74 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, June 15th. This represents a $2.20 annualized dividend and a yield of 1.7%. Allegion’s payout ratio is presently 30.05%.

Allegion announced that its board has approved a share buyback plan on Tuesday, April 28th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALLE shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. Barclays reduced their price objective on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Bank of America reduced their price objective on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Weiss Ratings cut shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Finally, Robert W. Baird set a $165.00 price objective on shares of Allegion in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Allegion has a consensus rating of “Hold” and a consensus target price of $161.50.

Insider Activity at Allegion

In other Allegion news, Director Sue Main acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $149.61 per share, with a total value of $299,220.00. Following the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately $299,220. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of the sale, the senior vice president directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This trade represents a 31.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.64% of the company’s stock.

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.