Handelsbanken Fonder AB lifted its stake in shares of Allegion PLC (NYSE:ALLE – Free Report) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,000 shares of the scientific and technical instruments company’s stock after buying an additional 4,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Allegion were worth $4,299,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Fusion Capital LLC acquired a new stake in shares of Allegion during the 3rd quarter worth approximately $4,406,000. National Pension Service grew its position in Allegion by 449.4% in the 3rd quarter. National Pension Service now owns 7,785 shares of the scientific and technical instruments company’s stock valued at $1,381,000 after purchasing an additional 6,368 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Allegion by 90.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 75,067 shares of the scientific and technical instruments company’s stock valued at $13,289,000 after purchasing an additional 35,556 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Allegion by 3.8% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171,903 shares of the scientific and technical instruments company’s stock valued at $30,487,000 after purchasing an additional 6,220 shares during the period. Finally, Truist Financial Corp grew its position in Allegion by 16.2% in the 3rd quarter. Truist Financial Corp now owns 74,244 shares of the scientific and technical instruments company’s stock valued at $13,167,000 after purchasing an additional 10,367 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently issued reports on ALLE. Evercore raised shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Bank of America reduced their price target on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Robert W. Baird set a $165.00 price target on shares of Allegion in a research report on Wednesday, April 29th. Wells Fargo & Company reduced their price target 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. Finally, Barclays reduced their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $161.50.
Insider Buying and Selling at Allegion
In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sue Main acquired 2,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the purchase, the director owned 2,000 shares in the company, valued at approximately $299,220. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.64% of the stock is currently owned by company insiders.
Allegion Price Performance
Shares of NYSE:ALLE opened at $130.50 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $140.34 and its two-hundred day simple moving average is $155.33. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The stock has a market cap of $11.21 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.72 and a beta of 0.89.
Allegion (NYSE:ALLE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $1.86 earnings per share. Allegion’s revenue was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, analysts forecast that Allegion PLC will post 8.74 EPS for the current fiscal year.
Allegion Announces Dividend
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 paid 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 has approved a share buyback program on Tuesday, April 28th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Key Allegion News
Here are the key news stories impacting Allegion this week:
- Positive Sentiment: Zacks Research raised its earnings estimates across multiple periods for Allegion, including FY2026 to $8.72, FY2027 to $9.20, and FY2028 to $10.01, signaling expectations for continued earnings growth. Allegion stock page
- Positive Sentiment: The firm also lifted quarterly forecasts for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, suggesting analysts see steady operating momentum ahead. Allegion stock page
- Neutral Sentiment: The updates were incremental rather than dramatic, so they are more likely to modestly support sentiment than trigger a major re-rating on their own. Allegion stock page
- Negative Sentiment: Despite the improved estimates, Allegion has recently been trading well below its 50-day and 200-day moving averages, indicating the stock still faces broader technical pressure. Allegion stock page
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.
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