Universal Beteiligungs und Servicegesellschaft mbH Decreases Position in Allegion PLC $ALLE

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in shares of Allegion PLC (NYSE:ALLE) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 235,640 shares of the scientific and technical instruments company’s stock after selling 3,475 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.27% of Allegion worth $37,637,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Forvis Mazars Wealth Advisors LLC purchased a new stake in Allegion during the third quarter worth $2,838,000. Burney Co. purchased a new stake in Allegion during the third quarter worth $9,297,000. Fusion Capital LLC purchased a new stake in Allegion during the third quarter worth $4,406,000. Massachusetts Financial Services Co. MA boosted its position in Allegion by 5.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock worth $417,991,000 after purchasing an additional 113,821 shares in the last quarter. Finally, National Pension Service boosted its position in Allegion by 449.4% during the third quarter. National Pension Service now owns 7,785 shares of the scientific and technical instruments company’s stock worth $1,381,000 after purchasing an additional 6,368 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Stock Up 1.8%

Shares of ALLE opened at $147.58 on Friday. The firm has a market cap of $12.68 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.72 and a beta of 1.02. The company’s fifty day moving average is $150.03 and its two-hundred day moving average is $160.70. Allegion PLC has a fifty-two week low of $134.19 and a fifty-two week high of $183.11. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last issued its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Analysts forecast that Allegion PLC will post 8.74 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is 29.57%.

Insider Transactions at Allegion

In other news, Director Sue Main acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at $299,220. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Mizell sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the transaction, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALLE. Wells Fargo & Company reduced their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price objective on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Barclays dropped their target price on Allegion from $176.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Finally, Bank of America dropped their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $168.88.

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.