PBU The Pension Fund of Early Childhood & Youth Educators Makes New $8.60 Million Investment in Allegion PLC $ALLE

PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Allegion PLC (NYSE:ALLE) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 54,020 shares of the scientific and technical instruments company’s stock, valued at approximately $8,601,000.

Several other hedge funds also recently modified their holdings of the stock. Boston Partners grew its holdings in shares of Allegion by 1.0% in the 3rd quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock valued at $842,026,000 after acquiring an additional 48,199 shares in the last quarter. State Street Corp grew its holdings in shares of Allegion by 6.6% in the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock valued at $750,584,000 after acquiring an additional 260,973 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Allegion by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock valued at $427,521,000 after acquiring an additional 13,880 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Allegion by 10.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock valued at $412,876,000 after acquiring an additional 236,248 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Allegion by 4.5% in the 3rd quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company’s stock valued at $214,605,000 after acquiring an additional 52,612 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 0.4%

Allegion stock opened at $129.83 on Friday. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. 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 stock has a market capitalization of $11.16 billion, a P/E ratio of 17.74, a PEG ratio of 2.71 and a beta of 0.86. The stock has a 50-day simple moving average of $137.43 and a 200 day simple moving average of $152.87.

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

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, June 15th. This represents a $2.20 annualized dividend and a yield of 1.7%. Allegion’s dividend payout ratio (DPR) is 30.05%.

Allegion announced that its Board of Directors has initiated a stock repurchase 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 purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ALLE shares. Wells Fargo & Company decreased their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Robert W. Baird set a $165.00 price objective on Allegion in a report on Wednesday, April 29th. Morgan Stanley decreased their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a report on Friday, May 15th. Finally, Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $160.38.

Insider Activity at Allegion

In related news, Director Sue Main acquired 2,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $299,220. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert C. Martens sold 3,993 shares of the firm’s 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 sale, the senior vice president owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This trade represents a 31.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.64% of the company’s stock.

Allegion 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.