Sei Investments Co. Trims Holdings in Allegion PLC $ALLE

Sei Investments Co. decreased its position in shares of Allegion PLC (NYSE:ALLE) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,056 shares of the scientific and technical instruments company’s stock after selling 6,070 shares during the period. Sei Investments Co. owned 0.12% of Allegion worth $14,392,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Boston Partners increased its stake in shares of Allegion by 1.0% in the third quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock worth $842,026,000 after purchasing an additional 48,199 shares in the last quarter. State Street Corp lifted its stake in shares of Allegion by 6.6% during the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock valued at $750,584,000 after buying an additional 260,973 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Allegion by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock worth $427,521,000 after buying an additional 13,880 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Allegion by 10.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock worth $412,876,000 after buying an additional 236,248 shares during the period. Finally, Invesco Ltd. increased its stake in Allegion by 12.7% in the 4th quarter. Invesco Ltd. now owns 1,402,682 shares of the scientific and technical instruments company’s stock worth $223,335,000 after buying an additional 157,724 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of Allegion stock opened at $156.82 on Friday. The firm has a market cap of $13.34 billion, a PE ratio of 20.58, a PEG ratio of 3.22 and a beta of 0.85. The stock has a 50 day moving average of $137.21 and a 200 day moving average of $146.62. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. Allegion PLC has a 12 month low of $125.00 and a 12 month 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The business 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%.The company’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, research analysts expect that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion declared that its board has approved a stock buyback program on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in 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 programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Allegion

In related news, CFO Michael J. Wagnes sold 3,184 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total transaction of $480,720.32. Following the sale, the chief financial officer owned 31,299 shares of the company’s stock, valued at $4,725,523.02. This represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy P. Eckersley sold 6,417 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the transaction, the senior vice president owned 29,919 shares of the company’s stock, valued at $4,705,061.94. This trade represents a 17.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,281 shares of company stock worth $2,143,983. Company insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Evercore raised Allegion to a “strong-buy” rating in a report on Monday, April 13th. Morgan Stanley dropped their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings cut Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Barclays decreased their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $164.75.

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.