C Partners Holding GmbH Purchases 85,631 Shares of Allegion PLC $ALLE

C Partners Holding GmbH lifted its position in shares of Allegion PLC (NYSE:ALLE) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,279 shares of the scientific and technical instruments company’s stock after purchasing an additional 85,631 shares during the quarter. Allegion makes up about 15.1% of C Partners Holding GmbH’s investment portfolio, making the stock its 4th largest position. C Partners Holding GmbH’s holdings in Allegion were worth $56,090,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Boston Partners grew its holdings in shares of 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 worth $842,026,000 after purchasing an additional 48,199 shares in the last quarter. State Street Corp grew its holdings 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 purchasing an additional 260,973 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 13,880 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 purchasing an additional 236,248 shares in the last quarter. Finally, Northern Trust Corp grew its holdings 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 purchasing an additional 52,612 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Up 0.9%

Shares of NYSE ALLE opened at $134.86 on Wednesday. The stock has a market cap of $11.59 billion, a PE ratio of 18.42, a PEG ratio of 2.78 and a beta of 0.86. The business has a fifty day moving average of $135.83 and a two-hundred day moving average of $151.32. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91.

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

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. Allegion’s payout ratio is currently 30.05%.

Allegion declared that its board has approved a share repurchase program on Tuesday, April 28th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. Wells Fargo & Company cut their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, June 11th. Evercore raised Allegion to a “strong-buy” rating in a report on Monday, April 13th. Finally, Bank of America cut their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $160.89.

Insider Buying and Selling

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the transaction, the senior vice president owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.