Savant Capital LLC Sells 13,605 Shares of Allegion PLC $ALLE

Savant Capital LLC cut its position in shares of Allegion PLC (NYSE:ALLE) by 87.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,975 shares of the scientific and technical instruments company’s stock after selling 13,605 shares during the period. Savant Capital LLC’s holdings in Allegion were worth $314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in shares of Allegion by 0.6% in the 4th 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 acquiring an additional 59 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of 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 acquiring an additional 60 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of 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 acquiring an additional 63 shares in the last quarter. Banque de Luxembourg S.A. raised its position in shares of 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 acquiring an additional 65 shares in the last quarter. Finally, Syon Capital LLC raised its position in shares of Allegion by 3.3% in the 3rd quarter. Syon Capital LLC now owns 2,085 shares of the scientific and technical instruments company’s stock worth $370,000 after acquiring an additional 67 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Stock Down 0.4%

Shares of ALLE stock opened at $129.83 on Friday. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The stock’s fifty day moving average price is $137.43 and its 200 day moving average price is $152.87. 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 has a market cap of $11.16 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.71 and a beta of 0.86.

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

Allegion Announces Dividend

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

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on ALLE shares. Barclays reduced their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Company reduced their price target on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley dropped their target price on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Evercore upgraded Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Bank of America dropped 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. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $160.38.

Insider Activity

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the business’s 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 sale, the senior vice president owned 8,570 shares in the company, valued at approximately $1,175,375.50. The trade was a 31.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sue Main purchased 2,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the purchase, the director owned 2,000 shares in the company, valued at approximately $299,220. The trade was a ? increase in their position. The SEC filing for this purchase provides additional information. 0.64% of the stock is currently owned by 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.