KBC Group NV Purchases 67,196 Shares of Allegion PLC $ALLE

KBC Group NV increased its stake in shares of Allegion PLC (NYSE:ALLE) by 41.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 230,745 shares of the scientific and technical instruments company’s stock after purchasing an additional 67,196 shares during the quarter. KBC Group NV’s holdings in Allegion were worth $33,525,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ALLE. Norges Bank bought a new stake in Allegion during the fourth quarter valued at about $131,523,000. Panagora Asset Management Inc. lifted its stake in shares of Allegion by 191.8% in the fourth quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after buying an additional 410,346 shares in the last quarter. IFM Investors Pty Ltd boosted its position in Allegion by 2,013.5% during the first quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company’s stock worth $51,612,000 after acquiring an additional 338,425 shares during the last quarter. Franklin Resources Inc. grew its stake in Allegion by 163.9% during the 4th quarter. Franklin Resources Inc. now owns 529,243 shares of the scientific and technical instruments company’s stock valued at $84,266,000 after acquiring an additional 328,701 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Allegion by 817.1% during the 3rd quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock valued at $54,700,000 after acquiring an additional 274,800 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

ALLE has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Wells Fargo & Company reduced their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a report on Friday, May 15th. Finally, Bank of America dropped their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $160.89.

Allegion Stock Performance

Shares of ALLE opened at $138.22 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11. The firm has a fifty day moving average of $133.47 and a 200-day moving average of $147.11. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 2.85 and a beta of 0.85.

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

Allegion announced that its board has authorized a stock repurchase plan on Tuesday, April 28th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares in the company, valued at approximately $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.