Public Employees Retirement System of Ohio Invests $3.70 Million in Allegion PLC $ALLE

Public Employees Retirement System of Ohio purchased a new stake in shares of Allegion PLC (NYSE:ALLE) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 26,365 shares of the scientific and technical instruments company’s stock, valued at approximately $3,704,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners grew its stake in shares of Allegion by 1.0% during the third quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock valued at $842,026,000 after acquiring an additional 48,199 shares in the last quarter. State Street Corp boosted its holdings in Allegion by 6.6% in the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock valued at $750,584,000 after purchasing an additional 260,973 shares during the last quarter. Geode Capital Management LLC grew its stake in Allegion by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock valued at $427,521,000 after purchasing an additional 13,880 shares in the last quarter. Invesco Ltd. increased its holdings in Allegion by 12.7% during the 4th quarter. Invesco Ltd. now owns 1,402,682 shares of the scientific and technical instruments company’s stock worth $223,335,000 after purchasing an additional 157,724 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Allegion by 4.5% during the 3rd quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company’s stock worth $214,605,000 after purchasing an additional 52,612 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity at Allegion

In other Allegion news, SVP Timothy Eckersley sold 6,417 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 29,919 shares in the company, valued at approximately $4,705,061.94. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nickolas A. Musial sold 687 shares of Allegion stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the sale, the chief accounting officer directly owned 6,798 shares in the company, valued at approximately $1,053,690. This trade represents a 9.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 11,288 shares of company stock valued at $1,764,593. Company insiders own 0.64% of the company’s stock.

Allegion Stock Up 0.3%

NYSE:ALLE opened at $155.52 on Friday. 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 stock has a 50 day moving average of $152.45 and a 200-day moving average of $145.39. The firm has a market capitalization of $13.23 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 3.15 and a beta of 0.83. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.18. The business 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 revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Analysts predict that Allegion PLC will post 8.92 EPS for the current year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Allegion’s payout ratio is 28.87%.

Analysts Set New Price Targets

Several research firms have recently commented on ALLE. Robert W. Baird set a $170.00 target price on Allegion in a research note on Friday, July 24th. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company 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 report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Morgan Stanley decreased their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $164.75.

About Allegion

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.