Healthcare of Ontario Pension Plan Trust Fund Grows Stock Holdings in Allegion PLC $ALLE

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Allegion PLC (NYSE:ALLE) by 422.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,785 shares of the scientific and technical instruments company’s stock after acquiring an additional 14,384 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Allegion were worth $2,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALLE. Oregon Public Employees Retirement Fund lifted its position in Allegion by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock worth $1,563,000 after acquiring an additional 59 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of Allegion by 2.7% in 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 purchasing an additional 60 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Allegion by 4.1% in 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 purchasing an additional 63 shares during the period. Banque de Luxembourg S.A. raised its stake in shares of Allegion by 0.3% during the fourth quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock worth $3,550,000 after purchasing an additional 65 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Allegion by 45.9% during the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 68 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allegion

In other news, SVP Timothy P. Eckersley sold 6,417 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the transaction, the senior vice president directly owned 29,919 shares of the company’s stock, valued at $4,705,061.94. This represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael J. Wagnes sold 3,184 shares of the stock in a transaction dated Thursday, July 23rd. The shares were 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 owned 31,299 shares of the company’s stock, valued at $4,725,523.02. This represents a 9.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,281 shares of company stock valued at $2,143,983 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Allegion Stock Up 0.4%

Allegion stock opened at $157.66 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The company has a market cap of $13.41 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The stock’s 50 day moving average price is $137.75 and its 200 day moving average price is $146.70.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The firm had revenue of $1.15 billion for 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 quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, sell-side analysts predict that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion declared that its Board of Directors has initiated a share buyback plan 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ALLE shares. Evercore upgraded shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Bank of America cut their price objective on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Morgan Stanley reduced their target price 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. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $164.75.

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.