Regents Gate Capital LLP Takes Position in Allegion PLC $ALLE

Regents Gate Capital LLP purchased a new stake in Allegion PLC (NYSE:ALLE) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,279 shares of the scientific and technical instruments company’s stock, valued at approximately $6,732,000. Allegion makes up approximately 2.2% of Regents Gate Capital LLP’s portfolio, making the stock its 22nd largest holding.

Other hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of Allegion by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock valued at $1,563,000 after purchasing an additional 59 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Allegion by 2.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after purchasing an additional 60 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Allegion by 4.1% in the 4th quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock worth $257,000 after purchasing an additional 63 shares during the period. Banque de Luxembourg S.A. boosted its stake in Allegion by 0.3% in the 4th quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock worth $3,550,000 after purchasing an additional 65 shares during the period. Finally, Syon Capital LLC grew its holdings in Allegion by 3.3% during the 3rd quarter. Syon Capital LLC now owns 2,085 shares of the scientific and technical instruments company’s stock valued at $370,000 after buying an additional 67 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of Allegion 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 approximately $1,175,375.50. The trade was a 31.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

Allegion Stock Performance

Shares of ALLE opened at $133.94 on Friday. The company has a market cap of $11.51 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.86. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The stock has a 50-day moving average price of $136.31 and a 200-day moving average price of $151.96. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.08). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities analysts forecast that Allegion PLC will post 8.73 earnings per share for the current fiscal year.

Allegion announced that its Board of Directors has initiated a stock buyback program 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 reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Allegion Dividend Announcement

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 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 dividend yield of 1.6%. Allegion’s dividend payout ratio (DPR) is 30.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $165.00 price target on Allegion in a research report on Wednesday, April 29th. 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. Barclays decreased their target price on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. 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. Finally, Wells Fargo & Company reduced their price target on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. One research 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 stock. Based on data from MarketBeat.com, Allegion currently has a consensus rating of “Hold” and an average target price of $160.89.

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.