Allegion PLC $ALLE Stock: CoreCap Advisors LLC Raises Position

Key Points

• CoreCap Advisors increased its Allegion position by 317.1% in the third quarter, bringing its holdings to 15,838 shares valued at approximately $2.44 million. Institutional investors and hedge funds collectively own 92.21% of ALLE.
• Allegion reported quarterly EPS of $2.40, exceeding the $2.22 consensus estimate, while revenue rose 12.7% year over year to $1.15 billion. The company issued fiscal 2026 EPS guidance of $8.85–$9.00 and maintains a quarterly dividend of $0.55 per share, yielding about 1.5%.
• Analysts have a consensus “Hold” rating and a $162.50 target price, compared with the stock’s reported price of $150.56. Several insiders sold shares recently, including two senior vice presidents.

CoreCap Advisors LLC raised its position in Allegion PLC (NYSE:ALLE - Free Report) by 317.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,838 shares of the scientific and technical instruments company's stock after purchasing an additional 12,041 shares during the period. CoreCap Advisors LLC's holdings in Allegion were worth $2,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Allegion by 5,141.6% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 11,846 shares of the scientific and technical instruments company's stock worth $1,822,000 after buying an additional 11,620 shares during the last quarter. Titan Investment Solutions Ltd acquired a new position in shares of Allegion during the fourth quarter worth about $5,466,000. Panagora Asset Management Inc. lifted its position in Allegion by 191.8% in the fourth quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company's stock valued at $99,401,000 after purchasing an additional 410,346 shares during the period. Regents Gate Capital LLP lifted its holdings in shares of Allegion by 291.7% in the 1st quarter. Regents Gate Capital LLP now owns 165,622 shares of the scientific and technical instruments company's stock valued at $24,063,000 after buying an additional 123,343 shares during the period. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Allegion in the 4th quarter valued at approximately $2,896,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Up 0.4%

Shares of NYSE ALLE opened at $150.56 on Friday. The firm's 50-day moving average is $157.72 and its two-hundred day moving average is $145.29. The company has a market capitalization of $12.80 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 3.05 and a beta of 0.81. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. 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 (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.18. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%. The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities analysts anticipate that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 15th. Allegion's dividend payout ratio (DPR) is currently 28.87%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ALLE shares. Weiss Ratings upgraded Allegion from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. Robert W. Baird set a $170.00 price objective on shares of Allegion in a research note on Friday, July 24th. Evercore restated an "outperform" rating and set a $180.00 target price on shares of Allegion in a research report on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Allegion from $150.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Allegion currently has a consensus rating of "Hold" and a consensus target price of $162.50.

Insider Transactions at Allegion

In related news, SVP Timothy Eckersley sold 6,417 shares of the firm'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 sale, the senior vice president owned 29,919 shares in the company, valued at approximately $4,705,061.94. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vincent Wenos sold 1,000 shares of the business's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $168.25, for a total value of $168,250.00. Following the completion of the transaction, the senior vice president owned 12,096 shares of the company's stock, valued at $2,035,152. This trade represents a 7.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,288 shares of company stock worth $1,764,593 in the last ninety days. Company insiders own 0.64% of the company's stock.

Allegion Company Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion's portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.

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