Walleye Capital LLC Grows Stock Position in Allegion PLC $ALLE

Walleye Capital LLC increased its stake in shares of Allegion PLC (NYSE:ALLE) by 71.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,662 shares of the scientific and technical instruments company’s stock after acquiring an additional 41,840 shares during the period. Walleye Capital LLC’s holdings in Allegion were worth $14,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its holdings in Allegion by 255.6% during the fourth 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 in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Allegion in the second quarter worth about $33,000. Hantz Financial Services Inc. boosted its stake in shares of Allegion by 45.9% during the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 68 shares in the last quarter. Bard Associates Inc. acquired a new stake in shares of Allegion during the 4th quarter valued at about $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Allegion in the 3rd quarter valued at about $36,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Trading Up 2.1%

Shares of ALLE opened at $140.19 on Thursday. The firm’s fifty day moving average is $133.79 and its two-hundred day moving average is $146.82. The stock has a market cap of $12.05 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 2.85 and a beta of 0.85. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. 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 data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.08). The business had revenue of $1.03 billion for 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 was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Research analysts forecast that Allegion PLC will post 8.74 earnings per share for the current fiscal year.

Allegion announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 28th that permits the company to repurchase $500.00 million in 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 usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at Allegion

In related news, SVP Robert C. Martens sold 3,993 shares of Allegion stock in a transaction that occurred on Thursday, May 7th. The stock was 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 in the company, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALLE. Barclays cut their price objective on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Bank of America cut their price target on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Robert W. Baird set a $165.00 price objective on shares of Allegion in a research report on Wednesday, April 29th. Finally, Morgan Stanley decreased their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Allegion currently has an average rating of “Hold” and an average target price of $160.89.

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.