Neuberger Berman Group LLC Has $4.96 Million Stake in Allegion PLC $ALLE

Neuberger Berman Group LLC grew its position in Allegion PLC (NYSE:ALLE) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,986 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,559 shares during the period. Neuberger Berman Group LLC’s holdings in Allegion were worth $4,963,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ALLE. Westside Investment Management Inc. lifted its stake in Allegion by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 70 shares in the last quarter. First Horizon Corp bought a new position in shares of Allegion during the 3rd quarter worth approximately $26,000. Hantz Financial Services Inc. raised its holdings in shares of Allegion by 120.9% in the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Allegion in the third quarter valued at approximately $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Allegion in the second quarter worth $33,000. 92.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Allegion

In related news, Director Steven Mizell sold 1,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This represents a 16.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Barclays reduced their price target on Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Allegion has an average rating of “Hold” and an average target price of $175.00.

Allegion Stock Performance

Shares of ALLE opened at $150.52 on Friday. The company has a market cap of $12.97 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 3.25 and a beta of 1.03. The firm has a 50-day moving average of $164.82 and a 200-day moving average of $167.48. Allegion PLC has a one year low of $116.57 and a one year high of $183.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16.

Allegion (NYSE:ALLE) last issued its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities analysts forecast that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Allegion’s previous quarterly dividend of $0.51. Allegion’s payout ratio is presently 27.42%.

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.