Louisbourg Investments Inc. Raises Stake in Allegion PLC $ALLE

Louisbourg Investments Inc. lifted its stake in Allegion PLC (NYSE:ALLE) by 23.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,139 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,520 shares during the period. Louisbourg Investments Inc.’s holdings in Allegion were worth $3,507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its position in Allegion by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock valued at $1,563,000 after buying an additional 59 shares during the period. Diversify Advisory Services LLC raised its stake in shares of Allegion by 2.7% during the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock valued at $380,000 after acquiring an additional 60 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Allegion by 4.1% during the fourth quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock valued at $257,000 after acquiring an additional 63 shares in the last quarter. Banque de Luxembourg S.A. boosted its holdings in shares of Allegion by 0.3% in the fourth quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock valued at $3,550,000 after purchasing an additional 65 shares during the period. Finally, Hantz Financial Services Inc. boosted 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 period. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird set a $165.00 price objective on Allegion in a report on Wednesday, April 29th. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday, June 11th. Morgan Stanley cut their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 price objective (down from $170.00) on shares of Allegion in a report on Friday, May 15th. Finally, Wells Fargo & Company lowered their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $160.89.

Insiders Place Their Bets

In other news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the sale, the senior vice president owned 8,570 shares in the company, valued at approximately $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $139.94 on Friday. The company has a market capitalization of $12.03 billion, a PE ratio of 19.12, a P/E/G ratio of 2.91 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. The company has a 50-day simple moving average of $134.18 and a two-hundred day simple moving average of $149.72. Allegion PLC has a one year low of $125.00 and a one year high of $183.11.

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

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.55 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. Allegion’s dividend payout ratio (DPR) is 30.05%.

Allegion announced that its board has approved a share repurchase program on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.