Boston Partners Sells 133,557 Shares of Allegion PLC $ALLE

Boston Partners cut its holdings in shares of Allegion PLC (NYSE:ALLE) by 2.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,612,897 shares of the scientific and technical instruments company’s stock after selling 133,557 shares during the period. Allegion accounts for approximately 0.8% of Boston Partners’ portfolio, making the stock its 27th biggest position. Boston Partners owned approximately 0.05% of Allegion worth $734,689,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLE. Hantz Financial Services Inc. increased its stake 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 purchasing an additional 81 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in Allegion by 255.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 115 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Allegion in the 3rd quarter valued at approximately $36,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Allegion in the 2nd quarter valued at $33,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of Allegion during the 2nd quarter valued at approximately $37,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Trading Up 0.2%

Shares of NYSE:ALLE opened at $133.95 on Friday. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The stock’s fifty day moving average price is $136.11 and its 200-day moving average price is $151.84. The company has a market cap of $11.51 billion, a P/E ratio of 18.30, a PEG ratio of 2.78 and a beta of 0.86.

Allegion (NYSE:ALLE) last issued its earnings results 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 analysts’ expectations of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.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 posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Sell-side analysts expect that Allegion PLC will post 8.73 earnings per share for the current year.

Allegion declared that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. Allegion’s dividend payout ratio (DPR) is presently 30.05%.

Insider Activity at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the transaction, the senior vice president directly owned 8,570 shares in the company, valued at $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore raised Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Weiss Ratings lowered Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Bank of America cut their price target on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Barclays cut their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.