Allegion PLC $ALLE Stock Bought by Sterling Capital Management LLC

Key Points

• Sterling Capital Management increased its Allegion position by 442.8% in the third quarter, ending with 17,620 shares worth approximately $2.7 million. Institutional investors collectively own 92.21% of Allegion’s outstanding stock.
• Allegion exceeded quarterly expectations, reporting $2.60 in earnings per share versus the $2.50 consensus and $1.17 billion in revenue, up 9.6% year over year. The company also pays a quarterly dividend of $0.55, equivalent to a 1.2% yield.
• Analyst sentiment is moderately bullish: Bank of America upgraded Allegion to Buy and raised its price target to $200, while JPMorgan lifted its target to $183. The stock has a consensus “Moderate Buy” rating and an average target price of $173.56.

Sterling Capital Management LLC lifted its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 442.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,620 shares of the scientific and technical instruments company's stock after buying an additional 14,374 shares during the period. Sterling Capital Management LLC's holdings in Allegion were worth $2,709,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Allegion by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 853,222 shares of the scientific and technical instruments company's stock valued at $123,952,000 after buying an additional 13,186 shares during the last quarter. Hawk Ridge Capital Management LP boosted its stake in shares of Allegion by 32.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company's stock worth $116,640,000 after buying an additional 198,800 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Allegion by 19.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 599,326 shares of the scientific and technical instruments company's stock worth $87,076,000 after buying an additional 97,304 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of Allegion by 8.1% in the 1st quarter. Boston Trust Walden Corp now owns 566,792 shares of the scientific and technical instruments company's stock valued at $82,349,000 after acquiring an additional 42,660 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Allegion by 5.5% in the 1st quarter. Bank of America Corp DE now owns 542,132 shares of the scientific and technical instruments company's stock valued at $78,766,000 after acquiring an additional 28,449 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Vincent Wenos sold 1,000 shares of Allegion stock in a transaction that occurred 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 approximately $2,035,152. This trade represents a 7.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven Mizell purchased 170 shares of Allegion stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of $158.28 per share, with a total value of $26,907.60. Following the completion of the purchase, the director directly owned 5,899 shares in the company, valued at $933,693.72. This trade represents a 2.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.64% of the stock is currently owned by company insiders.

Allegion Stock Down 0.0%

Shares of ALLE opened at $178.95 on Monday. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The firm has a market cap of $15.09 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 3.59 and a beta of 0.81. The firm's 50-day simple moving average is $156.32 and its 200 day simple moving average is $146.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.24 and a current ratio of 1.90.

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

Allegion Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ALLE shares. Mizuho set a $180.00 target price on Allegion in a research report on Friday. JPMorgan Chase & Co. increased their price target on Allegion from $170.00 to $183.00 and gave the company a "neutral" rating in a research report on Friday. Bank of America upgraded Allegion from a "neutral" rating to a "buy" rating and raised their price target for the company from $164.00 to $200.00 in a research note on Friday. Weiss Ratings raised Allegion from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Robert W. Baird set a $196.00 price objective on Allegion in a research note on Friday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Allegion presently has a consensus rating of "Moderate Buy" and an average target price of $173.56.

Trending Headlines about Allegion

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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