Allegion PLC $ALLE Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Allegion PLC (NYSE:ALLE) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 235,640 shares of the scientific and technical instruments company’s stock after selling 3,475 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Allegion were worth $37,637,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. grew its stake 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 purchasing an additional 70 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in 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 buying an additional 115 shares during the last quarter. First Horizon Corp bought a new position in Allegion during the 3rd quarter worth approximately $26,000. Hantz Financial Services Inc. lifted its holdings in 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 buying an additional 81 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Allegion during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sue Main bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at $299,220. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction 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 completion of the transaction, the director owned 4,915 shares in the company, valued at $793,821.65. The trade was a 16.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

ALLE has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Bank of America reduced their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company cut their price target on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, Evercore raised Allegion to a “strong-buy” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $168.88.

Allegion Stock Up 1.8%

ALLE opened at $147.58 on Friday. Allegion PLC has a one year low of $134.19 and a one year high of $183.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.84. The stock’s fifty day moving average is $150.03 and its 200-day moving average is $160.70. The company has a market capitalization of $12.68 billion, a PE ratio of 19.84, a P/E/G ratio of 2.72 and a beta of 1.02.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). Allegion had a return on equity of 38.06% and a net margin of 15.83%.The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm posted $1.86 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities analysts predict that Allegion PLC will post 8.74 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 15th. Allegion’s payout ratio is presently 29.57%.

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.