Allegion PLC $ALLE Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 31.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 201,845 shares of the scientific and technical instruments company’s stock after buying an additional 47,764 shares during the quarter. Teacher Retirement System of Texas’ holdings in Allegion were worth $32,138,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Boston Partners grew its position 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 worth $842,026,000 after buying an additional 48,199 shares in the last quarter. State Street Corp grew its position in shares of Allegion by 6.6% during the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock worth $750,584,000 after buying an additional 260,973 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Allegion by 10.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock worth $412,876,000 after buying an additional 236,248 shares in the last quarter. Northern Trust Corp grew its position in shares of Allegion by 4.5% during the third quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company’s stock worth $214,605,000 after buying an additional 52,612 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Allegion by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 942,212 shares of the scientific and technical instruments company’s stock worth $167,104,000 after buying an additional 67,074 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

In related news, Director Sue Main bought 2,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $149.61 per share, with a total value of $299,220.00. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Steven Mizell sold 1,000 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the sale, the director directly owned 4,915 shares in the company, valued at $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.23% of the stock is owned by company insiders.

Allegion Stock Performance

Shares of ALLE opened at $147.58 on Friday. The business’s fifty day moving average price is $150.03 and its 200 day moving average price is $160.70. Allegion PLC has a 12-month low of $134.19 and a 12-month high of $183.11. The stock has a market capitalization of $12.68 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.72 and a beta of 1.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16.

Allegion (NYSE:ALLE) last issued its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a return on equity of 38.06% and a net margin of 15.83%.The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business earned $1.86 earnings per share. Allegion’s quarterly revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities research analysts forecast that Allegion PLC will post 8.74 EPS for the current year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.20 annualized dividend and a yield of 1.5%. Allegion’s dividend payout ratio (DPR) is currently 29.57%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Bank of America reduced their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Barclays reduced their price objective on Allegion from $176.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Wells Fargo & Company reduced their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $168.88.

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.