Allegion PLC $ALLE Shares Sold by NS Partners Ltd

NS Partners Ltd lowered its holdings in Allegion PLC (NYSE:ALLE) by 34.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 46,708 shares of the scientific and technical instruments company’s stock after selling 24,975 shares during the quarter. NS Partners Ltd’s holdings in Allegion were worth $6,562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Elevation Wealth Partners LLC increased its holdings in Allegion by 1,666.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion in the second quarter worth about $33,000. Hantz Financial Services Inc. grew its stake in shares of Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 68 shares in the last quarter. Bard Associates Inc. purchased a new stake in shares of Allegion during the 4th quarter valued at about $35,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Allegion during the third quarter worth $36,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

ALLE has been the topic of several recent analyst reports. Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Weiss Ratings raised shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Robert W. Baird set a $170.00 target price on Allegion in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted 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. Finally, Morgan Stanley decreased their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Allegion presently has a consensus rating of “Hold” and an average target price of $164.75.

Allegion Stock Performance

Shares of ALLE opened at $155.72 on Tuesday. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The company has a market capitalization of $13.24 billion, a PE ratio of 20.44, a PEG ratio of 3.20 and a beta of 0.84. The company’s 50 day moving average price is $151.20 and its 200 day moving average price is $145.91.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.18. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Research analysts expect that Allegion PLC will post 8.92 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Michael J. Wagnes sold 3,184 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Mizell acquired 170 shares of Allegion stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $158.28 per share, with a total value of $26,907.60. Following the completion of the transaction, the director directly owned 5,899 shares of the company’s stock, valued at $933,693.72. This trade represents a 2.97% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 11,288 shares of company stock worth $1,764,593. 0.64% of the stock is currently owned by company insiders.

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.