Allegion PLC $ALLE Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its Allegion stake by 5.5% in the first quarter, bringing its holdings to 542,132 shares valued at approximately $78.8 million. Institutional investors collectively own 92.21% of Allegion.
• Allegion reported quarterly EPS of $2.40, beating estimates of $2.22, while revenue rose 12.7% year over year to $1.15 billion. The company issued fiscal 2026 EPS guidance of $8.85–$9.00.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $164.75. Allegion also authorized a $500 million share-repurchase program, covering up to 3.9% of outstanding shares.

Bank of America Corp DE boosted its stake in Allegion PLC (NYSE:ALLE - Free Report) by 5.5% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 542,132 shares of the scientific and technical instruments company's stock after buying an additional 28,449 shares during the quarter. Bank of America Corp DE owned approximately 0.63% of Allegion worth $78,766,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC purchased a new stake in shares of Allegion during the fourth quarter worth about $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Allegion by 5.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,501 shares of the scientific and technical instruments company's stock valued at $29,205,000 after buying an additional 9,598 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Allegion by 793.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 45,002 shares of the scientific and technical instruments company's stock valued at $7,165,000 after buying an additional 39,964 shares during the period. Titan Investment Solutions Ltd acquired a new stake in Allegion during the fourth quarter worth approximately $5,466,000. Finally, Panagora Asset Management Inc. boosted its position in Allegion by 191.8% during the fourth quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company's stock worth $99,401,000 after acquiring an additional 410,346 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALLE. Longbow Research upgraded Allegion from a "neutral" rating to a "buy" rating and set a $165.00 price target for the company in a report on Thursday, June 11th. Weiss Ratings upgraded Allegion from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. Barclays lowered their price objective on Allegion from $165.00 to $161.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 29th. Evercore upgraded Allegion to a "strong-buy" rating in a research report on Monday, April 13th. Finally, Morgan Stanley decreased their price target on Allegion from $165.00 to $142.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Allegion presently has a consensus rating of "Hold" and an average target price of $164.75.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Timothy P. Eckersley sold 6,417 shares of the business's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the completion of the sale, the senior vice president directly owned 29,919 shares in the company, valued at $4,705,061.94. The trade was a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vincent Wenos sold 1,000 shares of the stock in a transaction on Thursday, August 6th. The stock was 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 of the company's stock, valued at $2,035,152. The trade was a 7.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,288 shares of company stock valued at $1,764,593 in the last ninety days. Corporate insiders own 0.64% of the company's stock.

Allegion Stock Performance

Allegion stock opened at $169.01 on Monday. The stock's 50-day moving average is $141.31 and its 200-day moving average is $146.70. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 3.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. Allegion PLC has a 12 month low of $125.00 and a 12 month high of $183.11.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.18. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities analysts anticipate that Allegion PLC will post 8.93 earnings per share for the current year.

Allegion declared that its board has approved a stock repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Allegion 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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