26,758 Allegion PLC $ALLE Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 1,760.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,278 shares of the scientific and technical instruments company's stock after purchasing an additional 26,758 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Allegion were worth $4,348,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Sowell Financial Services LLC bought a new position in Allegion during the 3rd quarter worth $1,627,000. One Wealth Capital Management LLC acquired a new position in Allegion in the third quarter valued at $216,000. Evergreen Capital Management LLC acquired a new position in shares of Allegion in the 3rd quarter valued at about $3,023,000. Gibbs Wealth Management increased its holdings in Allegion by 5.2% in the third quarter. Gibbs Wealth Management now owns 3,515 shares of the scientific and technical instruments company's stock worth $541,000 after purchasing an additional 173 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Allegion by 1,283.7% in the 3rd quarter. Manchester Capital Management LLC now owns 1,190 shares of the scientific and technical instruments company's stock valued at $183,000 after acquiring an additional 1,104 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Allegion

In other news, Director Steven Mizell acquired 170 shares of the company's stock in a transaction on Friday, August 28th. The shares were bought at an average price of $158.28 per share, with a total value of $26,907.60. Following the completion of the acquisition, the director owned 5,899 shares in the company, valued at $933,693.72. This trade represents a 2.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vincent Wenos sold 1,000 shares of Allegion stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $168.25, for a total transaction of $168,250.00. Following the completion of the sale, the senior vice president directly owned 12,096 shares in the company, valued at approximately $2,035,152. The trade was a 7.64% decrease in their position. The SEC filing for this sale provides additional information. 0.64% of the stock is currently owned by insiders.

Allegion Stock Performance

Allegion stock opened at $178.95 on Monday. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.24 and a current ratio of 1.90. The company has a 50 day moving average price of $156.32 and a 200-day moving average price of $146.40. The company has a market capitalization of $15.09 billion, a PE ratio of 22.29, a P/E/G ratio of 3.59 and a beta of 0.81.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.50 by $0.10. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $2.30 earnings per share. The company's revenue was up 9.6% compared to the same quarter last year. As a group, equities analysts forecast that Allegion PLC will post 9.04 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 15th. Allegion's dividend payout ratio (DPR) is presently 27.40%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALLE. Evercore reaffirmed an "outperform" rating and issued a $180.00 price objective on shares of Allegion in a research report on Tuesday, September 22nd. Mizuho set a $180.00 price objective on shares of Allegion in a research report on Friday. Robert W. Baird set a $196.00 target price on Allegion in a research note on Friday. JPMorgan Chase & Co. raised their price target on Allegion from $170.00 to $183.00 and gave the company a "neutral" rating in a report on Friday. Finally, Weiss Ratings upgraded Allegion from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $173.56.

Key Allegion News

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Q3 earnings and revenue beat estimates. Allegion reported adjusted earnings of $2.60 per share versus the $2.50 consensus, while revenue rose 9.6% year over year to $1.17 billion, ahead of the $1.14 billion estimate. Allegion Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised full-year guidance. Allegion now expects 2026 adjusted EPS of $9.05–$9.10, above the roughly $8.96 consensus, and revenue of approximately $4.5 billion versus estimates near $4.4 billion. Its reported revenue-growth outlook was raised to 9.5%–10.5%. Allegion Raises 2026 Adjusted EPS Outlook
• Positive Sentiment: Americas demand is driving the recovery. Low-double-digit organic growth in Americas non-residential markets, combined with margin expansion, helped offset weaker international performance and strengthened confidence in volume growth. Allegion Key Takeaways for Long-Term Investors
• Positive Sentiment: Analyst sentiment improved. Bank of America upgraded Allegion to Buy from Neutral and lifted its price target to $200 from $164. JPMorgan raised its target to $183, while Morgan Stanley increased its target to $170. BofA said improving volumes could support a further valuation re-rating. B of A Securities Upgrades Allegion

Allegion Company Profile

Allegion plc NYSE: ALLE is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.

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