Novem Group Buys 7,048 Shares of Allegion PLC $ALLE

Novem Group lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 417.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,735 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,048 shares during the period. Novem Group’s holdings in Allegion were worth $1,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Herold Advisors Inc. raised its stake in Allegion by 8.2% during the third quarter. Herold Advisors Inc. now owns 6,330 shares of the scientific and technical instruments company’s stock worth $973,000 after purchasing an additional 482 shares during the period. Clark Wealth Partners boosted its holdings in Allegion by 58,000.0% in the 3rd quarter. Clark Wealth Partners now owns 581 shares of the scientific and technical instruments company’s stock valued at $89,000 after purchasing an additional 580 shares during the last quarter. Brown Lisle Cummings Inc. grew its stake in shares of Allegion by 14,733.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 445 shares of the scientific and technical instruments company’s stock valued at $68,000 after buying an additional 442 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of Allegion by 461.5% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 8,344 shares of the scientific and technical instruments company’s stock valued at $1,283,000 after buying an additional 6,858 shares during the period. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Allegion by 6,297.2% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 18,488 shares of the scientific and technical instruments company’s stock valued at $2,843,000 after buying an additional 18,199 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other news, Director Steven Mizell purchased 170 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were bought at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the completion of the purchase, the director directly owned 5,899 shares of the company’s stock, valued at approximately $933,693.72. This trade represents a 2.97% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael J. Wagnes sold 3,184 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total value of $480,720.32. Following the transaction, the chief financial officer owned 31,299 shares of the company’s stock, valued at approximately $4,725,523.02. This represents a 9.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,288 shares of company stock worth $1,764,593 in the last three months. Company insiders own 0.64% of the company’s stock.

Allegion Trading Down 0.7%

ALLE stock traded down $1.15 during mid-day trading on Monday, hitting $155.39. 834,321 shares of the company were exchanged, compared to its average volume of 1,093,186. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $13.21 billion, a P/E ratio of 20.39, a PEG ratio of 3.18 and a beta of 0.81. The business has a fifty day simple moving average of $156.42 and a 200-day simple moving average of $145.59. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the business earned $2.04 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, equities research analysts predict that Allegion PLC will post 8.94 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is 28.87%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ALLE. Weiss Ratings raised shares of Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Robert W. Baird set a $170.00 price objective on Allegion in a report on Friday, July 24th. Evercore reiterated an “outperform” rating and issued a $180.00 price objective on shares of Allegion in a research report on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. raised their target price on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $162.50.

Allegion Company Profile

Allegion plc (NYSE:ALLE) is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.