Allegion PLC $ALLE Stake Lessened by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lessened its stake in Allegion PLC (NYSE:ALLE) by 47.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,718 shares of the scientific and technical instruments company’s stock after selling 13,265 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Allegion were worth $2,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Boston Partners increased its stake in shares of Allegion by 1.0% in the third quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock worth $842,026,000 after buying an additional 48,199 shares during the last quarter. State Street Corp increased its stake in shares of Allegion by 6.6% in the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock worth $750,584,000 after buying an additional 260,973 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Allegion by 10.0% in the fourth 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 buying an additional 236,248 shares during the last quarter. Northern Trust Corp boosted its holdings in Allegion by 4.5% in the third 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 during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Allegion by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 942,212 shares of the scientific and technical instruments company’s stock worth $167,104,000 after purchasing an additional 67,074 shares during the period. Institutional investors own 92.21% of the company’s stock.

Insider Activity

In other news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sue Main purchased 2,000 shares of Allegion stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average cost of $149.61 per share, with a total value of $299,220.00. Following the acquisition, the director owned 2,000 shares of the company’s stock, valued at approximately $299,220. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 5,393 shares of company stock valued at $774,666. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America decreased their price objective on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Weiss Ratings downgraded shares of Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Robert W. Baird set a $165.00 price objective on shares of Allegion in a report on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price objective (down from $170.00) on shares of Allegion in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $161.50.

Allegion Stock Performance

Allegion stock opened at $125.62 on Friday. Allegion PLC has a 12 month low of $125.57 and a 12 month high of $183.11. The company has a market cap of $10.80 billion, a PE ratio of 17.16, a P/E/G ratio of 2.73 and a beta of 0.89. 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 fifty day moving average price of $142.38 and a two-hundred day moving average price of $156.67.

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

Allegion declared that its Board of Directors has initiated a stock repurchase plan 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 buy up to 3.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.8%. Allegion’s payout ratio is 30.05%.

About Allegion

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.