Argos Wealth Advisors LLC Takes Position in Allegion PLC $ALLE

Argos Wealth Advisors LLC acquired a new stake in shares of Allegion PLC (NYSE:ALLE) during the fourth quarter, HoldingsChannel reports. The firm acquired 4,233 shares of the scientific and technical instruments company’s stock, valued at approximately $674,000.

A number of other institutional investors and hedge funds have also modified their holdings of ALLE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Allegion by 7.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company’s stock valued at $1,251,000 after acquiring an additional 626 shares during the period. NewEdge Advisors LLC grew its position in Allegion by 35.3% in the first quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock valued at $427,000 after acquiring an additional 854 shares during the period. Jones Financial Companies Lllp grew its position in Allegion by 44.2% in the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company’s stock valued at $213,000 after acquiring an additional 499 shares during the period. Empowered Funds LLC grew its position in Allegion by 13.0% in the first quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock valued at $740,000 after acquiring an additional 651 shares during the period. Finally, Focus Partners Wealth grew its position in Allegion by 204.5% in the first quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company’s stock valued at $937,000 after acquiring an additional 4,826 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Allegion Trading Down 0.8%

NYSE:ALLE opened at $131.30 on Wednesday. Allegion PLC has a 1-year low of $130.07 and a 1-year high of $183.11. The business’s 50-day moving average price is $144.19 and its two-hundred day moving average price is $157.43. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 2.75 and a beta of 0.89.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $1.86 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities analysts expect that Allegion PLC will post 8.73 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued 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 dividend yield of 1.7%. Allegion’s dividend payout ratio (DPR) is presently 30.05%.

Allegion declared that its board has authorized a share buyback plan 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 purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Evercore upgraded Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Weiss Ratings cut shares of Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Bank of America cut their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Wells Fargo & Company cut their target price on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Finally, JPMorgan Chase & Co. decreased their target price on Allegion from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $164.00.

Insider Buying and Selling

In related news, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares in the company, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sue Main purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $149.61 per share, with a total value of $299,220.00. Following the completion of the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately $299,220. This represents a ? increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders sold 5,393 shares of company stock worth $774,666. 0.64% of the stock is owned by corporate insiders.

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.