Entropy Technologies LP Acquires New Position in Allegion PLC $ALLE

Entropy Technologies LP bought a new position in Allegion PLC (NYSE:ALLE) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,116 shares of the scientific and technical instruments company’s stock, valued at approximately $889,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Allegion by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock worth $1,563,000 after purchasing an additional 59 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in Allegion by 2.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after buying an additional 60 shares during the period. D.A. Davidson & CO. boosted its holdings in Allegion by 4.1% in the 4th quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock worth $257,000 after buying an additional 63 shares during the period. Banque de Luxembourg S.A. increased its stake in Allegion by 0.3% in the 4th quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock worth $3,550,000 after buying an additional 65 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 68 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ALLE shares. JPMorgan Chase & Co. boosted their price objective on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Robert W. Baird set a $170.00 target price on Allegion in a research report on Friday. Bank of America decreased their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Wells Fargo & Company lowered 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, Weiss Ratings downgraded Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $164.75.

Allegion Stock Up 1.8%

Shares of ALLE stock opened at $161.01 on Wednesday. The company’s fifty day simple moving average is $136.10 and its two-hundred day simple moving average is $146.70. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The stock has a market cap of $13.69 billion, a P/E ratio of 21.13, a PEG ratio of 3.22 and a beta of 0.85. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last issued its quarterly earnings data 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 return on equity of 35.41% and a net margin of 15.36%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business posted $2.04 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Analysts predict that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion announced that its board has initiated a share buyback 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 reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the sale, the senior vice president directly 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 is available at the SEC website. Also, CAO Nickolas A. Musial sold 687 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total value of $106,485.00. Following the sale, the chief accounting officer directly owned 6,798 shares in the company, valued at $1,053,690. This trade represents a 9.18% 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. Over the last three months, insiders sold 7,864 shares of company stock valued at $1,134,845. Insiders own 0.64% of the company’s stock.

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.