Cetera Investment Advisers Decreases Stock Holdings in Allegion PLC $ALLE

Cetera Investment Advisers lessened its stake in Allegion PLC (NYSE:ALLE) by 25.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 31,084 shares of the scientific and technical instruments company’s stock after selling 10,534 shares during the quarter. Cetera Investment Advisers’ holdings in Allegion were worth $4,516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ALLE. Oregon Public Employees Retirement Fund boosted its holdings in Allegion by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock worth $1,563,000 after buying an additional 59 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of Allegion by 2.7% during the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock valued at $380,000 after acquiring an additional 60 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Allegion by 4.1% in the fourth quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock valued at $257,000 after acquiring an additional 63 shares in the last quarter. Banque de Luxembourg S.A. boosted its stake in shares of Allegion by 0.3% in the fourth quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock worth $3,550,000 after acquiring an additional 65 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 68 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allegion

In other news, CAO Nickolas A. Musial sold 687 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the transaction, the chief accounting officer directly owned 6,798 shares in the company, valued at approximately $1,053,690. This represents a 9.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the senior vice president directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. The trade was a 31.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 14,281 shares of company stock worth $2,143,983. 0.64% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings downgraded Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Evercore raised shares of Allegion to a “strong-buy” rating in a report on Monday, April 13th. Robert W. Baird set a $170.00 target price on shares of Allegion in a research report on Friday, July 24th. JPMorgan Chase & Co. raised their price target on shares of Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Morgan Stanley dropped their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $164.75.

Allegion Stock Up 2.7%

Shares of NYSE:ALLE opened at $161.67 on Tuesday. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The stock has a market cap of $13.75 billion, a P/E ratio of 21.22, a PEG ratio of 3.20 and a beta of 0.84. The business has a fifty day moving average of $138.37 and a two-hundred day moving average of $146.59. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. Allegion’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, research analysts expect that Allegion PLC will post 8.92 earnings per share for the current year.

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

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.