15,678 Shares in Allegion PLC $ALLE Purchased by Birch Capital Management LLC

Birch Capital Management LLC acquired a new position in shares of Allegion PLC (NYSE:ALLE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,678 shares of the scientific and technical instruments company’s stock, valued at approximately $2,203,000. Allegion makes up approximately 1.1% of Birch Capital Management LLC’s investment portfolio, making the stock its 24th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new position in Allegion during the 3rd quarter worth $36,000. Elevation Wealth Partners LLC raised its holdings in shares of Allegion by 1,666.7% in the second 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 during the last quarter. Hantz Financial Services Inc. raised its holdings 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 purchasing an additional 68 shares during the last quarter. Bard Associates Inc. bought a new position in shares of Allegion during the fourth quarter valued at about $35,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Allegion during the second quarter valued at about $33,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley decreased their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Robert W. Baird set a $170.00 price objective on Allegion in a research report on Friday, July 24th. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Thursday, June 11th. Finally, Weiss Ratings raised shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Allegion presently has an average rating of “Hold” and an average price target of $164.75.

Insiders Place Their Bets

In other news, SVP Timothy P. Eckersley sold 6,417 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $157.26, for a total value of $1,009,137.42. Following the transaction, the senior vice president owned 29,919 shares of the company’s stock, valued at $4,705,061.94. This represents a 17.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Nickolas A. Musial sold 687 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction of $106,485.00. Following the completion of the transaction, the chief accounting officer owned 6,798 shares of the company’s stock, valued at $1,053,690. This trade represents a 9.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,288 shares of company stock valued at $1,764,593 over the last three months. Corporate insiders own 0.64% of the company’s stock.

Allegion Trading Down 2.0%

Shares of Allegion stock opened at $152.15 on Wednesday. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 3.16 and a beta of 0.84. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $151.66 and its 200-day moving average price is $145.72.

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

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.