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68,491 Shares in Allegion PLC $ALLE Bought by Cubist Systematic Strategies LLC

Written by MarketBeat
September 4, 2025
Allegion logo with Industrials background

Key Points

  • Cubist Systematic Strategies LLC has purchased 68,491 shares of Allegion PLC, valued at approximately $8.93 million, increasing their stake to about 0.08% of the company.
  • Analysts are optimistic about Allegion, with several firms raising their price targets significantly, including Wells Fargo and Robert W. Baird, who both set their target at $175.
  • Allegion's latest quarterly earnings reported an EPS of $2.04, exceeding forecasts, with a revenue increase of 5.8% year-over-year, bringing their market capitalization to $14.57 billion.
  • MarketBeat previews top five stocks to own in October.

Cubist Systematic Strategies LLC purchased a new position in Allegion PLC (NYSE:ALLE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 68,491 shares of the scientific and technical instruments company's stock, valued at approximately $8,935,000. Cubist Systematic Strategies LLC owned about 0.08% of Allegion at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ALLE. Wayfinding Financial LLC bought a new stake in Allegion in the 1st quarter worth about $30,000. Colonial Trust Co SC grew its stake in shares of Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after acquiring an additional 164 shares during the period. Garde Capital Inc. purchased a new position in Allegion in the 1st quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Allegion by 91.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company's stock worth $39,000 after purchasing an additional 143 shares in the last quarter. Finally, National Pension Service lifted its holdings in Allegion by 75.0% in the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insider Buying and Selling at Allegion

In related news, SVP Tracy L. Kemp sold 3,849 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the sale, the senior vice president owned 8,773 shares in the company, valued at approximately $1,446,843.16. The trade was a 30.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the sale, the senior vice president directly owned 30,023 shares in the company, valued at $4,946,589.48. This represents a 26.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ALLE shares. Wells Fargo & Company upped their price objective on Allegion from $150.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Robert W. Baird upped their price objective on Allegion from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. began coverage on Allegion in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price objective on the stock. Mizuho increased their price target on Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, Bank of America raised Allegion from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $110.00 to $175.00 in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $166.75.

Get Our Latest Research Report on ALLE

Allegion Trading Down 0.7%

Shares of NYSE:ALLE opened at $169.72 on Tuesday. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $172.95. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 3.65 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64. The business's 50 day moving average price is $158.86 and its 200-day moving average price is $142.09.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The business's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, equities research analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Profile

(Free Report)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.

See Also

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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