Patriot Financial Group Insurance Agency LLC Acquires 4,361 Shares of Allegion PLC $ALLE

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Allegion PLC (NYSE:ALLE) by 75.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,114 shares of the scientific and technical instruments company’s stock after buying an additional 4,361 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Allegion were worth $1,469,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ALLE. Pinnacle Bancorp Inc. boosted its holdings in Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 115 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Allegion in the 3rd quarter worth approximately $36,000. Hantz Financial Services Inc. increased its stake in Allegion by 45.9% in the 4th 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 during the period. Bard Associates Inc. bought a new stake in Allegion in the fourth quarter valued at approximately $35,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

ALLE opened at $139.48 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. The stock has a market capitalization of $11.99 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.90 and a beta of 0.87. The stock’s 50 day moving average price is $134.13 and its 200-day moving average price is $149.53. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.08). The company had revenue of $1.03 billion during 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 business’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities research analysts predict that Allegion PLC will post 8.73 EPS for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, June 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. Allegion’s payout ratio is currently 30.05%.

Allegion announced that its board has authorized a stock buyback plan 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 stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

ALLE has been the topic of several recent analyst reports. Robert W. Baird set a $165.00 target price on shares of Allegion in a report on Wednesday, April 29th. Wells Fargo & Company dropped their price target on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Evercore upgraded shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price objective (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.89.

Insider Transactions at Allegion

In related news, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This represents a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by insiders.

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.