Allegion PLC $ALLE Shares Bought by Yousif Capital Management LLC

Key Points

• Yousif Capital Management increased its Allegion stake by 588.1% in the third quarter, acquiring 57,068 additional shares for a total of 66,771 shares valued at approximately $10.3 million. Institutional investors collectively own 92.21% of Allegion.
• Allegion reported quarterly earnings of $2.60 per share on $1.17 billion in revenue, exceeding analyst estimates of $2.50 EPS and $1.14 billion in revenue. Revenue increased 9.6% year over year.
• Analyst sentiment is generally favorable, with a consensus rating of “Moderate Buy” and an average price target of $173.56. The company also maintains a quarterly dividend of $0.55 per share, equivalent to a 1.2% annual yield.

Yousif Capital Management LLC lifted its stake in shares of Allegion PLC (NYSE:ALLE - Free Report) by 588.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,771 shares of the scientific and technical instruments company's stock after purchasing an additional 57,068 shares during the quarter. Yousif Capital Management LLC owned about 0.08% of Allegion worth $10,267,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Continuum Advisory LLC acquired a new stake in Allegion in the second quarter worth about $25,000. Elevation Wealth Partners LLC increased its stake in Allegion by 1,666.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company's stock valued at $30,000 after buying an additional 200 shares during the period. J.Safra Asset Management Corp acquired a new position in Allegion during the 2nd quarter valued at about $42,000. Ameritas Advisory Services LLC acquired a new position in Allegion during the 2nd quarter valued at about $44,000. Finally, Brown Lisle Cummings Inc. raised its position in shares of Allegion by 14,733.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 445 shares of the scientific and technical instruments company's stock worth $68,000 after buying an additional 442 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Allegion

In other Allegion news, Director Steven Mizell acquired 170 shares of Allegion stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $158.28 per share, for a total transaction of $26,907.60. Following the transaction, the director owned 5,899 shares in the company, valued at approximately $933,693.72. This trade represents a 2.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vincent Wenos sold 1,000 shares of the firm's 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 transaction, the senior vice president owned 12,096 shares of the company's stock, valued at approximately $2,035,152. This trade represents a 7.64% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is owned by corporate insiders.

Allegion Trading Up 1.4%

Shares of Allegion stock opened at $178.95 on Friday. The business has a fifty day simple moving average of $156.32 and a 200-day simple moving average of $146.36. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The firm has a market cap of $15.22 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 3.58 and a beta of 0.81. The company has a quick ratio of 1.23, a current ratio of 1.90 and a debt-to-equity ratio of 0.94.

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

Allegion Dividend Announcement

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

Allegion News Roundup

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 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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