Lido Advisors LLC Grows Stake in Allegion PLC $ALLE

Lido Advisors LLC grew its stake in shares of Allegion PLC (NYSE:ALLE) by 107.2% in the first quarter, Holdings Channel reports. The fund owned 6,595 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,412 shares during the quarter. Lido Advisors LLC’s holdings in Allegion were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Kingsview Wealth Management LLC bought a new position in shares of Allegion in the fourth quarter worth $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Allegion by 5.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,501 shares of the scientific and technical instruments company’s stock valued at $29,205,000 after purchasing an additional 9,598 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Allegion by 793.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 45,002 shares of the scientific and technical instruments company’s stock worth $7,165,000 after purchasing an additional 39,964 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Allegion by 50.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 23,115 shares of the scientific and technical instruments company’s stock worth $3,683,000 after purchasing an additional 7,776 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in Allegion by 191.8% in the 4th quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after purchasing an additional 410,346 shares during the period. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

NYSE:ALLE opened at $161.01 on Wednesday. The stock has a market cap of $13.69 billion, a P/E ratio of 21.13, a PEG ratio of 3.22 and a beta of 0.85. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $136.10 and its two-hundred day moving average price is $146.70. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.22 by $0.18. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.Allegion’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, equities analysts predict that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion announced that its board has authorized a share buyback plan on Tuesday, April 28th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 687 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the transaction, the chief accounting officer owned 6,798 shares of the company’s stock, valued at $1,053,690. The trade was a 9.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Wagnes sold 3,184 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total transaction of $480,720.32. Following the completion of the transaction, the chief financial officer directly owned 31,299 shares in the company, valued at $4,725,523.02. The trade was a 9.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,864 shares of company stock worth $1,134,845 over the last three months. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Morgan Stanley reduced their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Wells Fargo & Company lowered their target price on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Barclays cut their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Allegion has an average rating of “Hold” and a consensus target price of $164.75.

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.