Allegion PLC $ALLE Stock Holdings Lessened by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its position in shares of Allegion PLC (NYSE:ALLE) by 24.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,132 shares of the scientific and technical instruments company’s stock after selling 5,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Allegion were worth $2,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners boosted its stake in Allegion by 1.0% during the 3rd quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock valued at $842,026,000 after purchasing an additional 48,199 shares during the period. State Street Corp raised its position 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 worth $750,584,000 after buying an additional 260,973 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Allegion by 0.5% during 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 in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Allegion by 10.0% during 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 in the last quarter. Finally, Northern Trust Corp raised its position in shares of Allegion by 4.5% during the 3rd quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company’s stock worth $214,605,000 after buying an additional 52,612 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Trading Up 2.7%

Shares of Allegion stock opened at $131.06 on Wednesday. The firm has a market capitalization of $11.26 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.65 and a beta of 0.86. 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 company’s fifty day moving average price is $136.80 and its two-hundred day moving average price is $152.38. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11.

Allegion (NYSE:ALLE) last announced its quarterly 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 business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, analysts expect that Allegion PLC will post 8.73 EPS for the current year.

Allegion declared that its board has initiated a share repurchase plan on Tuesday, April 28th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.7%. Allegion’s dividend payout ratio is presently 30.05%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Evercore upgraded shares of Allegion to a “strong-buy” rating in a report on Monday, April 13th. Robert W. Baird set a $165.00 target price on shares of Allegion in a research report on Wednesday, April 29th. Wells Fargo & Company lowered their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price objective (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. Finally, Bank of America decreased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Allegion has a consensus rating of “Hold” and a consensus price target of $160.38.

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.