Janus Henderson Group PLC Purchases 5,686 Shares of Allegion PLC $ALLE

Janus Henderson Group PLC lifted its position in Allegion PLC (NYSE:ALLE) by 92.5% during the first quarter, Holdings Channel reports. The institutional investor owned 11,833 shares of the scientific and technical instruments company’s stock after buying an additional 5,686 shares during the quarter. Janus Henderson Group PLC’s holdings in Allegion were worth $1,719,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in Allegion by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock valued at $1,563,000 after acquiring an additional 59 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in Allegion by 2.7% in the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after purchasing an additional 60 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Allegion by 4.1% in the fourth quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock worth $257,000 after purchasing an additional 63 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Allegion by 45.9% during the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 68 shares in the last quarter. Finally, LRI Investments LLC increased its position in shares of Allegion by 10.0% during the fourth quarter. LRI Investments LLC now owns 793 shares of the scientific and technical instruments company’s stock worth $126,000 after purchasing an additional 72 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Activity

In related news, CFO Michael J. Wagnes sold 3,184 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total value of $480,720.32. Following the completion of the transaction, the chief financial officer directly owned 31,299 shares in the company, valued at $4,725,523.02. The trade was a 9.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Nickolas A. Musial sold 687 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,288 shares of company stock valued at $1,764,593 in the last quarter. Company insiders own 0.64% of the company’s stock.

Allegion Stock Performance

Shares of ALLE stock opened at $169.01 on Monday. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The stock has a market cap of $14.37 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 3.43 and a beta of 0.84. The business has a 50-day simple moving average of $141.31 and a 200-day simple moving average of $146.70.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $2.04 earnings per share. Allegion’s revenue for the quarter was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, equities analysts expect that Allegion PLC will post 8.93 EPS for the current year.

Allegion announced that its board has initiated a stock repurchase program 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 purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have recently weighed in on ALLE shares. JPMorgan Chase & Co. raised their price objective on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, June 11th. Robert W. Baird set a $170.00 price target on Allegion in a research note on Friday, July 24th. Morgan Stanley lowered their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Finally, Evercore upgraded Allegion to a “strong-buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $164.75.

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.