7,373 Shares in Allegion PLC $ALLE Acquired by Kentucky Retirement Systems

Kentucky Retirement Systems purchased a new position in shares of Allegion PLC (NYSE:ALLE) during the first quarter, Holdings Channel reports. The firm purchased 7,373 shares of the scientific and technical instruments company’s stock, valued at approximately $1,071,000.

A number of other hedge funds have also recently added to or reduced their stakes in ALLE. Pinnacle Bancorp Inc. lifted its position in shares of Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 115 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Allegion during the 2nd quarter worth $33,000. Hantz Financial Services Inc. increased its position in shares of Allegion by 45.9% in the fourth 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 position in shares of Allegion in the fourth quarter worth $35,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Allegion in the third quarter valued at about $36,000. Institutional investors own 92.21% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Timothy P. Eckersley sold 6,417 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president directly owned 29,919 shares in the company, valued at approximately $4,705,061.94. This trade represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Robert C. Martens sold 3,993 shares of Allegion stock in a transaction that occurred 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 sale, the senior vice president directly owned 8,570 shares in the company, valued at $1,175,375.50. This trade represents a 31.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,281 shares of company stock worth $2,143,983 in the last ninety days. Insiders own 0.64% of the company’s stock.

Allegion Trading Up 0.4%

Shares of ALLE opened at $157.66 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. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 3.19 and a beta of 0.85. The business’s fifty day moving average is $137.75 and its 200-day moving average is $146.70.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.18. The business had revenue of $1.15 billion during 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 revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities analysts anticipate that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion announced that its Board of Directors has authorized a share repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 3.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently weighed in on ALLE. Bank of America cut their price objective on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Morgan Stanley decreased their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Evercore upgraded shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Robert W. Baird set a $170.00 price target on shares of Allegion in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $164.75.

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.