Fox Run Management L.L.C. Makes New Investment in Allegion PLC $ALLE

Fox Run Management L.L.C. acquired a new position in shares of Allegion PLC (NYSE:ALLE) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 8,282 shares of the scientific and technical instruments company’s stock, valued at approximately $1,319,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its holdings in Allegion by 24.4% during the fourth quarter. Cerity Partners LLC now owns 35,320 shares of the scientific and technical instruments company’s stock worth $5,624,000 after purchasing an additional 6,928 shares in the last quarter. LPL Financial LLC raised its holdings in Allegion by 13.9% during the fourth quarter. LPL Financial LLC now owns 107,673 shares of the scientific and technical instruments company’s stock worth $17,144,000 after purchasing an additional 13,111 shares in the last quarter. Franklin Resources Inc. raised its holdings in Allegion by 163.9% during the fourth quarter. Franklin Resources Inc. now owns 529,243 shares of the scientific and technical instruments company’s stock worth $84,266,000 after purchasing an additional 328,701 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Allegion by 12.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 28,333 shares of the scientific and technical instruments company’s stock worth $4,511,000 after purchasing an additional 3,114 shares in the last quarter. Finally, ING Groep NV raised its holdings in Allegion by 635.4% during the fourth quarter. ING Groep NV now owns 81,618 shares of the scientific and technical instruments company’s stock worth $12,995,000 after purchasing an additional 70,520 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insiders Place Their Bets

In related 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 value of $547,639.95. Following the transaction, the senior vice president directly owned 8,570 shares in the company, valued at $1,175,375.50. This trade represents a 31.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by company insiders.

Allegion Stock Performance

Shares of Allegion stock opened at $131.06 on Wednesday. The firm’s fifty day simple moving average is $136.80 and its 200-day simple moving average is $152.38. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.65 and a beta of 0.86. Allegion PLC has a 12 month low of $125.00 and a 12 month high of $183.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19.

Allegion (NYSE:ALLE) last posted its quarterly earnings data 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). 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 analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $1.86 earnings per share. The business’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, equities analysts forecast that Allegion PLC will post 8.73 earnings per share for the current year.

Allegion declared that its board has authorized a share repurchase plan 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 repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is 30.05%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Evercore raised shares of Allegion to a “strong-buy” rating in a report on Monday, April 13th. Morgan Stanley cut their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Robert W. Baird set a $165.00 target price on shares of Allegion in a report on Wednesday, April 29th. Finally, Barclays cut their target price on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $160.38.

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.