Titan Investment Solutions Ltd Invests $5.47 Million in Allegion PLC $ALLE

Titan Investment Solutions Ltd bought a new stake in shares of Allegion PLC (NYSE:ALLE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 34,329 shares of the scientific and technical instruments company’s stock, valued at approximately $5,466,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ALLE. Pinnacle Bancorp Inc. grew its holdings in shares of Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Allegion by 120.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Allegion during the 2nd quarter valued at $33,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Allegion during the 3rd quarter valued at $36,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Allegion during the 2nd quarter valued at $37,000. Institutional investors own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the sale, the senior vice president directly owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by company insiders.

Allegion Price Performance

Shares of Allegion stock opened at $133.95 on Friday. The firm has a market cap of $11.51 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is $136.11 and its two-hundred day simple moving average is $151.84.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). The firm had revenue of $1.03 billion during 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%.Allegion’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities analysts expect that Allegion PLC will post 8.73 EPS for the current year.

Allegion announced that its board has approved a stock buyback program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 1.6%. The ex-dividend date of this dividend is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is 30.05%.

Wall Street Analyst Weigh In

ALLE has been the topic of several recent research reports. 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. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Barclays reduced their target price on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Bank of America reduced their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Morgan Stanley reduced their target price 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Allegion has a consensus rating of “Hold” and an average price target 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.