Natixis Advisors LLC Has $10.58 Million Holdings in Allegion PLC $ALLE

Natixis Advisors LLC raised its stake in Allegion PLC (NYSE:ALLE) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,472 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,269 shares during the quarter. Natixis Advisors LLC owned about 0.08% of Allegion worth $10,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLE. Westside Investment Management Inc. grew its position in shares of Allegion by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 70 shares during the period. Pinnacle Bancorp Inc. grew its position in shares of Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 115 shares during the period. Hantz Financial Services Inc. grew its position in shares of Allegion by 120.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 81 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Allegion during the 3rd quarter worth approximately $29,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Allegion during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Down 0.4%

Shares of NYSE ALLE opened at $129.83 on Friday. The stock has a market cap of $11.16 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.71 and a beta of 0.86. The firm has a 50 day moving average price of $137.43 and a 200 day moving average price of $152.87. 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 $125.00 and a 52-week high of $183.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Analysts expect that Allegion PLC will post 8.73 EPS for the current year.

Allegion declared that its Board of Directors has authorized a share buyback 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 buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board 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 issued a dividend of $0.55 per share. The ex-dividend date is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. Allegion’s payout ratio is currently 30.05%.

Insider Buying and Selling

In other news, Director Sue Main acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the acquisition, the director owned 2,000 shares in the company, valued at $299,220. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total transaction of $547,639.95. Following the transaction, the senior vice president owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This represents a 31.78% decrease in their position. The SEC filing for this sale provides additional information. 0.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lowered 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 report on Wednesday, April 1st. Evercore upgraded shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Morgan Stanley lowered their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research report on Wednesday. Barclays lowered their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Allegion currently has an average rating of “Hold” and an average price target of $160.38.

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.