University of Texas Texas AM Investment Management Co. Purchases New Holdings in Allegion PLC $ALLE

University of Texas Texas AM Investment Management Co. purchased a new stake in Allegion PLC (NYSE:ALLE) in the fourth quarter, HoldingsChannel reports. The firm purchased 18,189 shares of the scientific and technical instruments company’s stock, valued at approximately $2,896,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ALLE. Boston Partners grew its holdings in 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 acquiring an additional 48,199 shares during the period. State Street Corp grew its holdings in 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 acquiring an additional 260,973 shares during the period. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 13,880 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in 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 acquiring an additional 236,248 shares during the period. Finally, Northern Trust Corp grew its holdings in 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 acquiring an additional 52,612 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore raised shares of Allegion to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down from $170.00) on shares of Allegion in a report on Friday, May 15th. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Barclays lowered their target price on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Finally, Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $160.89.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of Allegion 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 transaction, the senior vice president directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This trade represents a 31.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Allegion Trading Down 0.2%

Shares of NYSE ALLE opened at $133.76 on Tuesday. The company’s fifty day moving average is $135.96 and its 200-day moving average is $151.54. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 2.79 and a beta of 0.87. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97.

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 for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities research analysts predict that Allegion PLC will post 8.73 EPS for the current year.

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 given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is currently 30.05%.

Allegion announced that its board has approved a stock repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.