Allegion PLC $ALLE Shares Acquired by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 104.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,536 shares of the scientific and technical instruments company’s stock after purchasing an additional 22,742 shares during the period. Allegion accounts for about 2.9% of Regency Capital Management Inc. DE’s portfolio, making the stock its 11th largest holding. Regency Capital Management Inc. DE’s holdings in Allegion were worth $7,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings 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 purchasing an additional 70 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings 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 purchasing an additional 81 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings 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 purchasing an additional 115 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Allegion during the 3rd quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Allegion during the 3rd quarter worth approximately $36,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on ALLE shares. Bank of America decreased their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Morgan Stanley decreased their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird set a $165.00 price objective on Allegion in a report on Wednesday, April 29th. Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company decreased their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $160.38.

Allegion Trading Up 0.2%

ALLE opened at $130.38 on Friday. The stock has a market capitalization of $11.20 billion, a PE ratio of 17.81, a P/E/G ratio of 2.70 and a beta of 0.86. 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 one year low of $125.00 and a one year high of $183.11. The business’s 50 day moving average price is $137.79 and its 200 day moving average price is $153.03.

Allegion (NYSE:ALLE) last announced its earnings results 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 during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities research analysts expect that Allegion PLC will post 8.74 EPS for the current year.

Allegion Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.7%. Allegion’s payout ratio is presently 30.05%.

Allegion announced that its Board of Directors has initiated 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 buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the sale, the senior vice president owned 8,570 shares of the company’s stock, valued at $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sue Main bought 2,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $299,220. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.64% of the stock is owned by insiders.

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.