Resources Management Corp CT ADV Cuts Holdings in Allegion PLC $ALLE

Resources Management Corp CT ADV lowered its holdings in Allegion PLC (NYSE:ALLE) by 81.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,188 shares of the scientific and technical instruments company’s stock after selling 5,160 shares during the quarter. Resources Management Corp CT ADV’s holdings in Allegion were worth $189,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. increased its holdings in shares of Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 115 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Allegion in the 3rd quarter valued at about $36,000. Hantz Financial Services Inc. increased its holdings in shares of Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 68 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Allegion in the 4th quarter valued at about $35,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Allegion in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by corporate insiders.

Allegion Trading Down 0.2%

NYSE:ALLE opened at $133.76 on Tuesday. The stock’s 50 day moving average price is $135.96 and its 200 day moving average price is $151.54. The company has a market capitalization of $11.50 billion, a PE ratio of 18.27, a P/E/G ratio of 2.79 and a beta of 0.87. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11.

Allegion (NYSE:ALLE) last released 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 for the quarter, compared to analysts’ expectations of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts anticipate that Allegion PLC will post 8.73 EPS for the current year.

Allegion announced that its board has authorized a share repurchase program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is currently 30.05%.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Thursday, June 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down from $170.00) on shares of Allegion in a report on Friday, May 15th. Bank of America dropped their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Evercore raised Allegion to a “strong-buy” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Allegion presently has a consensus rating of “Hold” and an average target price 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.