Kepler Cheuvreux Suisse SA Has $14.86 Million Stock Holdings in Allegion PLC $ALLE

Kepler Cheuvreux Suisse SA grew its holdings in Allegion PLC (NYSE:ALLE) by 505.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 93,326 shares of the scientific and technical instruments company’s stock after buying an additional 77,922 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Allegion were worth $14,861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Forvis Mazars Wealth Advisors LLC acquired a new position in shares of Allegion during the 3rd quarter worth approximately $2,838,000. Fusion Capital LLC acquired a new position in shares of Allegion during the 3rd quarter worth approximately $4,406,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Allegion by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock worth $417,991,000 after acquiring an additional 113,821 shares during the last quarter. National Pension Service increased its holdings in shares of Allegion by 449.4% during the 3rd quarter. National Pension Service now owns 7,785 shares of the scientific and technical instruments company’s stock worth $1,381,000 after acquiring an additional 6,368 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Allegion by 3.8% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171,903 shares of the scientific and technical instruments company’s stock worth $30,487,000 after acquiring an additional 6,220 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Down 0.0%

ALLE stock opened at $134.31 on Monday. Allegion PLC has a twelve month low of $131.22 and a twelve month high of $183.11. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. The stock’s 50 day moving average is $145.77 and its 200-day moving average is $158.38. The firm has a market capitalization of $11.54 billion, a PE ratio of 18.35, a P/E/G ratio of 2.79 and a beta of 0.89.

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

Allegion announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 28th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.55 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. Allegion’s payout ratio is 30.05%.

Insider Buying and Selling at Allegion

In related news, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the transaction, the director directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sue Main bought 2,000 shares of Allegion stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $149.61 per share, with a total value of $299,220.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at $299,220. This represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings lowered Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. 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. Robert W. Baird set a $165.00 target price on Allegion in a report on Wednesday, April 29th. Evercore raised Allegion to a “strong-buy” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company decreased their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Allegion has an average rating of “Hold” and an average price target of $164.00.

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.