Allegion PLC $ALLE Stock: Redmond Asset Management LLC Lowers Holdings

Key Points

• Redmond Asset Management cut its Allegion stake by 68% in the third quarter, selling 8,250 shares and retaining 3,889 shares valued at approximately $598,000. Institutional investors still own 92.21% of Allegion’s stock.
• Allegion reported quarterly EPS of $2.60, exceeding the $2.50 consensus estimate, while revenue rose 9.6% year over year to $1.17 billion. The company also pays a $0.55 quarterly dividend, equal to a 1.2% yield.
• Analyst sentiment remains broadly positive, with Bank of America upgrading Allegion to “buy” and Goldman Sachs raising its price target to $206; the stock has a consensus rating of “Moderate Buy” and a $179.60 target price.

Redmond Asset Management LLC cut its stake in shares of Allegion PLC (NYSE:ALLE - Free Report) by 68.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,889 shares of the scientific and technical instruments company's stock after selling 8,250 shares during the quarter. Redmond Asset Management LLC's holdings in Allegion were worth $598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DMC Group LLC lifted its position in Allegion by 2.4% during the 3rd quarter. DMC Group LLC now owns 4,408 shares of the scientific and technical instruments company's stock worth $678,000 after acquiring an additional 102 shares during the period. Wealth Alliance LLC raised its stake in shares of Allegion by 4.5% in the first quarter. Wealth Alliance LLC now owns 2,644 shares of the scientific and technical instruments company's stock worth $384,000 after purchasing an additional 114 shares during the last quarter. Allworth Financial LP raised its stake in shares of Allegion by 9.5% in the second quarter. Allworth Financial LP now owns 1,368 shares of the scientific and technical instruments company's stock worth $192,000 after purchasing an additional 119 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Allegion by 7.9% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,831 shares of the scientific and technical instruments company's stock worth $266,000 after purchasing an additional 134 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Allegion by 6.5% during the second quarter. NewEdge Advisors LLC now owns 2,274 shares of the scientific and technical instruments company's stock worth $319,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Stock Up 0.1%

Allegion stock opened at $180.71 on Thursday. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 3.59 and a beta of 0.81. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The business's 50-day moving average price is $157.52 and its 200 day moving average price is $150.56. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.94.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.50 by $0.10. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the company posted $2.30 earnings per share. Allegion's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Allegion PLC will post 9.10 earnings per share for the current year.

Allegion Announces Dividend

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

Insider Activity

In other news, Director Steven Mizell purchased 170 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $158.28 per share, with a total value of $26,907.60. Following the completion of the acquisition, the director owned 5,899 shares of the company's stock, valued at approximately $933,693.72. This represents a 2.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vincent Wenos sold 1,000 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $168.25, for a total transaction of $168,250.00. Following the sale, the senior vice president owned 12,096 shares in the company, valued at approximately $2,035,152. This represents a 7.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 11,833 shares of company stock valued at $2,104,090. 0.64% of the stock is currently owned by corporate insiders.

More Allegion News

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Allegion Ventures made its second strategic investment in Ambient.ai, an artificial-intelligence company focused on video intelligence for security applications. The investment supports Allegion’s strategy of expanding connected, intelligent access-control solutions, though the immediate financial impact was not disclosed. Allegion Ventures Makes Second Strategic Investment in Ambient.ai
• Positive Sentiment: Recent quarterly results exceeded expectations, with adjusted earnings per share of $2.60 versus the $2.50 consensus and revenue of $1.17 billion versus $1.14 billion expected. Revenue increased 9.6% year over year, while management raised its 2026 revenue-growth outlook to 9.5%–10.5% and adjusted EPS guidance to $9.05–$9.10. Americas growth of approximately 12%, supported by nonresidential construction and data-center demand, is driving optimism. Allegion Raised 2026 Forecast
• Positive Sentiment: Zacks upgraded Allegion to Rank #2 (Buy), citing stronger earnings prospects. Other coverage highlighted broker-rating upgrades and expectations for solid 2026 earnings growth, which could support continued investor interest. What Makes Allegion a New Buy Stock
• Positive Sentiment: At ISC East 2026, Allegion showcased integrated hardware, cloud-connected and mobile access-control products, reinforcing its push toward higher-value electronic security offerings. Allegion Showcases Access Control at ISC East
• Neutral Sentiment: Analyst commentary remains broadly constructive, but some investors argue that strong Americas growth and the improved outlook are already reflected in the share valuation. International markets, particularly Germany, remain weak. Allegion Solid Americas Growth
• Negative Sentiment: Two senior vice presidents sold a combined 10,833 shares worth approximately $1.94 million, reducing their holdings by 28.24% and 22.41%, respectively. The sales create a modest insider-selling signal, although the filings do not explain the transactions. SEC Insider Sale Filing

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALLE. The Goldman Sachs Group increased their price target on shares of Allegion from $182.00 to $206.00 and gave the stock a "buy" rating in a report on Monday. Bank of America upgraded shares of Allegion from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $164.00 to $200.00 in a research note on Friday, October 23rd. Robert W. Baird set a $196.00 price objective on shares of Allegion in a report on Friday, October 23rd. Weiss Ratings raised shares of Allegion from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Allegion from $170.00 to $183.00 and gave the stock a "neutral" rating in a research note on Friday, October 23rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Allegion currently has an average rating of "Moderate Buy" and a consensus target price of $179.60.

About Allegion

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.

Want to see what other hedge funds are holding ALLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegion PLC (NYSE:ALLE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.