Swiss National Bank Buys 17,900 Shares of Allegion PLC $ALLE

Swiss National Bank lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 7.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,400 shares of the scientific and technical instruments company’s stock after acquiring an additional 17,900 shares during the quarter. Swiss National Bank’s holdings in Allegion were worth $36,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALLE. Boston Partners boosted its holdings in Allegion by 1.0% in the third 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 during the last quarter. State Street Corp increased its position in Allegion by 6.6% during 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 purchasing an additional 260,973 shares during the period. Geode Capital Management LLC raised its holdings in Allegion by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock worth $427,521,000 after purchasing an additional 13,880 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Allegion by 10.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock worth $412,876,000 after purchasing an additional 236,248 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Allegion by 12.7% in the 4th quarter. Invesco Ltd. now owns 1,402,682 shares of the scientific and technical instruments company’s stock worth $223,335,000 after purchasing an additional 157,724 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALLE has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Evercore upgraded shares of Allegion to a “strong-buy” rating in a report on Monday, April 13th. Barclays cut their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Bank of America decreased their price target on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price objective (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $160.89.

Allegion Stock Performance

NYSE:ALLE opened at $140.19 on Thursday. The company has a fifty day moving average of $133.79 and a 200-day moving average of $146.82. The firm has a market capitalization of $12.05 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.85 and a beta of 0.85. 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 twelve month low of $125.00 and a twelve month high of $183.11.

Allegion (NYSE:ALLE) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.08). The company 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 firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, sell-side analysts anticipate that Allegion PLC will post 8.74 EPS for the current year.

Allegion declared that its Board of Directors has initiated a stock repurchase program on Tuesday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $137.15, for a total transaction of $547,639.95. Following the transaction, the senior vice president owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This represents a 31.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.