Strs Ohio Has $17.49 Million Stock Holdings in Allegion PLC $ALLE

Strs Ohio increased its position in shares of Allegion PLC (NYSE:ALLE) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,861 shares of the scientific and technical instruments company’s stock after buying an additional 17,803 shares during the quarter. Strs Ohio owned 0.13% of Allegion worth $17,492,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its position 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 buying an additional 60 shares in the last quarter. Diversify Advisory Services LLC grew its position 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 buying an additional 60 shares in the last quarter. D.A. Davidson & CO. grew its position 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 buying an additional 63 shares in the last quarter. Banque de Luxembourg S.A. grew its position 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 buying an additional 65 shares in the last quarter. Finally, Fulton Bank N.A. grew its position 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 buying an additional 66 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America cut their price target on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Weiss Ratings cut shares of Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Wells Fargo & Company cut 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 note on Wednesday, April 1st. Evercore upgraded shares of Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Robert W. Baird set a $165.00 price target on shares of Allegion in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Allegion currently has an average rating of “Hold” and an average target price of $164.00.

Insider Buying and Selling at Allegion

In other news, Director Sue Main purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $149.61 per share, with a total value of $299,220.00. Following the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at approximately $299,220. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the transaction, the director directly owned 4,915 shares of the company’s stock, valued at $793,821.65. This trade represents a 16.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.64% of the stock is owned by insiders.

Allegion Price Performance

ALLE opened at $135.61 on Monday. The company has a fifty day moving average price of $147.28 and a two-hundred day moving average price of $159.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. Allegion PLC has a 52 week low of $134.67 and a 52 week high of $183.11. The firm has a market capitalization of $11.65 billion, a PE ratio of 18.53, a P/E/G ratio of 2.82 and a beta of 0.89.

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 during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the firm earned $1.86 EPS. Allegion’s quarterly revenue was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, analysts anticipate that Allegion PLC will post 8.73 earnings per share 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 issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. Allegion’s payout ratio is 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.

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.