Mitsubishi UFJ Trust & Banking Corp Buys 9,797 Shares of Allegion PLC $ALLE

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Allegion PLC (NYSE:ALLE) by 13.1% during the 4th quarter, HoldingsChannel reports. The fund owned 84,436 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,797 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Allegion were worth $13,444,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its stake in Allegion by 16.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock worth $75,000 after acquiring an additional 60 shares during the last quarter. Diversify Advisory Services LLC increased its stake in Allegion by 2.7% during the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after acquiring an additional 60 shares during the last quarter. D.A. Davidson & CO. increased its stake in Allegion by 4.1% during the fourth quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock worth $257,000 after acquiring an additional 63 shares during the last quarter. Banque de Luxembourg S.A. increased its stake in Allegion by 0.3% during the fourth quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock worth $3,550,000 after acquiring an additional 65 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake in Allegion by 4.5% during the third quarter. Fulton Bank N.A. now owns 1,529 shares of the scientific and technical instruments company’s stock worth $271,000 after acquiring an additional 66 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Steven Mizell sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 4,915 shares of the company’s stock, valued at $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sue Main acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the purchase, the director owned 2,000 shares of the company’s stock, valued at $299,220. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ALLE shares. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Robert W. Baird set a $165.00 price objective on Allegion in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on Allegion from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Bank of America cut their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Allegion currently has a consensus rating of “Hold” and an average target price of $164.00.

Allegion Trading Down 1.4%

ALLE opened at $135.61 on Friday. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.86 and a beta of 0.89. The stock’s 50 day moving average price is $147.28 and its 200-day moving average price is $159.49. Allegion PLC has a one year low of $134.67 and a one year high of $183.11. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 1.91.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). The business had revenue of $1.03 billion for 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 company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities analysts forecast that Allegion PLC will post 8.73 EPS for the current year.

Allegion declared that its Board of Directors has initiated a stock repurchase program on Tuesday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. Allegion’s dividend payout ratio is currently 29.57%.

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.