UBS Group AG Cuts Stake in Allegion PLC $ALLE

UBS Group AG lowered its holdings in shares of Allegion PLC (NYSE:ALLE) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,647 shares of the scientific and technical instruments company’s stock after selling 41,888 shares during the quarter. UBS Group AG’s holdings in Allegion were worth $60,925,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Westside Investment Management Inc. grew its holdings in Allegion by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings 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 worth $25,000 after acquiring an additional 115 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Allegion during the 3rd quarter worth approximately $26,000. Hantz Financial Services Inc. raised its holdings in shares of Allegion by 120.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Allegion during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other Allegion news, Director Sue Main purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost 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. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Mizell sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director directly owned 4,915 shares of the company’s stock, valued at $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is currently owned by company insiders.

Allegion Price Performance

NYSE:ALLE opened at $132.46 on Tuesday. The firm has a market capitalization of $11.38 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.82 and a beta of 0.89. Allegion PLC has a 1 year low of $131.22 and a 1 year high of $183.11. The business has a 50 day simple moving average of $147.28 and a 200-day simple moving average of $159.28. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19.

Allegion (NYSE:ALLE) last posted its quarterly earnings data 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). The company 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%. Allegion’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities analysts forecast that Allegion PLC will post 8.73 EPS for the current year.

Allegion announced that its Board of Directors has initiated a share buyback program on Tuesday, April 28th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is presently 30.05%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALLE. Evercore raised Allegion to a “strong-buy” rating in a report on Monday, April 13th. Wells Fargo & Company decreased their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. JPMorgan Chase & Co. decreased their price objective on Allegion from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Bank of America decreased their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Weiss Ratings cut Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $164.00.

Allegion Company 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.