Sei Investments Co. Sells 6,070 Shares of Allegion PLC $ALLE

Sei Investments Co. lessened its stake in shares of Allegion PLC (NYSE:ALLE) by 5.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 99,056 shares of the scientific and technical instruments company’s stock after selling 6,070 shares during the quarter. Sei Investments Co.’s holdings in Allegion were worth $14,392,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 115 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Allegion in the 2nd quarter worth about $33,000. Hantz Financial Services Inc. raised its position in Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 68 shares during the period. Bard Associates Inc. bought a new stake in Allegion in the fourth quarter worth about $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Allegion in the third quarter worth about $36,000. 92.21% of the stock is currently owned by institutional investors.

Insider Transactions at Allegion

In related news, SVP Timothy P. Eckersley sold 6,417 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $157.26, for a total value of $1,009,137.42. Following the completion of the sale, the senior vice president directly owned 29,919 shares of the company’s stock, valued at $4,705,061.94. This represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the transaction, the senior vice president 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 14,281 shares of company stock worth $2,143,983. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings cut Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. raised their price target on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Thursday, June 11th. Morgan Stanley reduced their target price on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Barclays decreased their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $164.75.

Allegion Stock Performance

Allegion stock opened at $156.82 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The company has a market capitalization of $13.34 billion, a PE ratio of 20.58, a P/E/G ratio of 3.22 and a beta of 0.85. The company has a 50 day moving average price of $137.21 and a 200-day moving average price of $146.62. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.22 by $0.18. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.Allegion’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, equities analysts forecast that Allegion PLC will post 8.92 earnings per share for the current year.

Allegion announced that its Board of Directors has authorized a stock repurchase program 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 buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

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.