Allegion PLC $ALLE Shares Purchased by First Trust Advisors LP

Key Points

• First Trust Advisors LP boosted its stake in Allegion by 12.6% to 404,070 shares (about $71.66M) in the third quarter, while large new positions from Berkshire Hathaway and Norges Bank were reported—institutional investors now own about 92.21% of the company.
• Allegion missed Q results, reporting $1.94 EPS vs. $2.01 expected and $1.03B revenue vs. $1.04B expected, though revenue rose 9.3% year‑over‑year and the company issued FY2026 guidance of $8.70–$8.90 EPS.
• The company raised its quarterly dividend to $0.55 (annualized $2.20, ~1.5% yield), and analysts still hold a consensus "Hold" rating with a $175 price target after several recent target cuts.

First Trust Advisors LP increased its holdings in shares of Allegion PLC (NYSE:ALLE - Free Report) by 12.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,070 shares of the scientific and technical instruments company's stock after buying an additional 45,233 shares during the quarter. First Trust Advisors LP owned 0.47% of Allegion worth $71,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new stake in Allegion during the 2nd quarter valued at approximately $112,433,000. Norges Bank acquired a new stake in shares of Allegion in the second quarter worth $109,862,000. Geode Capital Management LLC increased its stake in shares of Allegion by 15.2% in the second quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company's stock worth $369,514,000 after acquiring an additional 339,025 shares during the period. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Allegion by 114.4% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 349,856 shares of the scientific and technical instruments company's stock worth $50,421,000 after purchasing an additional 186,706 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Allegion by 67.2% during the third quarter. Barclays PLC now owns 431,741 shares of the scientific and technical instruments company's stock worth $76,569,000 after purchasing an additional 173,483 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allegion

In other Allegion news, Director Steven Mizell sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director directly owned 4,915 shares of the company's stock, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Allegion in a report on Wednesday, January 21st. Wells Fargo & Company reiterated a "positive" rating on shares of Allegion in a research note on Tuesday, December 16th. JPMorgan Chase & Co. decreased their price objective on Allegion from $190.00 to $180.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. Finally, Barclays dropped their target price on Allegion from $180.00 to $176.00 and set an "equal weight" rating on the stock in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Allegion has a consensus rating of "Hold" and a consensus price target of $175.00.

Allegion Stock Performance

Shares of NYSE ALLE opened at $147.56 on Wednesday. The company has a market capitalization of $12.71 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 3.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.84. The company's fifty day moving average price is $164.33 and its 200 day moving average price is $167.18. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $183.11.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.07). Allegion had a return on equity of 38.06% and a net margin of 15.83%.The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company posted $1.86 EPS. The company's revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts predict that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Allegion's previous quarterly dividend of $0.51. Allegion's payout ratio is currently 27.42%.

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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