Assenagon Asset Management S.A. Boosts Holdings in Allegion PLC $ALLE

Key Points

• Assenagon Asset Management increased its Allegion stake by 3,038.1% in the second quarter, acquiring 130,548 additional shares and bringing its holdings to 134,845 shares worth approximately $18.9 million. Institutional investors collectively own 92.21% of Allegion.
• Allegion exceeded quarterly expectations with $2.40 in EPS and $1.15 billion in revenue, while revenue rose 12.7% year over year. The company issued fiscal 2026 EPS guidance of $8.85–$9.00 and authorized a $500 million share buyback.
• Analysts maintain a consensus “Hold” rating with an average price target of $164.75, below the reported share price of $169.01. Meanwhile, insiders sold 11,288 shares worth about $1.76 million over the past three months.

Assenagon Asset Management S.A. grew its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 3,038.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,845 shares of the scientific and technical instruments company's stock after buying an additional 130,548 shares during the quarter. Assenagon Asset Management S.A. owned 0.16% of Allegion worth $18,944,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ALLE. Oregon Public Employees Retirement Fund grew its position in Allegion by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company's stock worth $1,563,000 after purchasing an additional 59 shares during the period. Diversify Advisory Services LLC boosted its position in Allegion by 2.7% in the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company's stock worth $380,000 after purchasing an additional 60 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Allegion by 4.1% during the 4th quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company's stock valued at $257,000 after purchasing an additional 63 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Allegion by 45.9% during the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company's stock valued at $34,000 after purchasing an additional 68 shares during the period. Finally, LRI Investments LLC increased its position in shares of Allegion by 10.0% during the 4th quarter. LRI Investments LLC now owns 793 shares of the scientific and technical instruments company's stock valued at $126,000 after purchasing an additional 72 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Stock Up 0.0%

Shares of Allegion stock opened at $169.01 on Monday. The firm's 50 day moving average price is $141.31 and its 200-day moving average price is $146.70. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a market cap of $14.37 billion, a P/E ratio of 22.18, a PEG ratio of 3.43 and a beta of 0.84.

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

Allegion declared that its Board of Directors has initiated a stock buyback program on Tuesday, April 28th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Allegion news, CAO Nickolas A. Musial sold 687 shares of the business's stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction of $106,485.00. Following the sale, the chief accounting officer owned 6,798 shares in the company, valued at approximately $1,053,690. The trade was a 9.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy P. Eckersley sold 6,417 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $157.26, for a total value of $1,009,137.42. Following the completion of the transaction, the senior vice president directly owned 29,919 shares in the company, valued at $4,705,061.94. This represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,288 shares of company stock worth $1,764,593 in the last three months. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

ALLE has been the topic of several recent research reports. Robert W. Baird set a $170.00 price objective on shares of Allegion in a research note on Friday, July 24th. Longbow Research upgraded Allegion from a "neutral" rating to a "buy" rating and set a $165.00 price target for the company in a research report on Thursday, June 11th. JPMorgan Chase & Co. lifted their price objective on shares of Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Evercore upgraded Allegion to a "strong-buy" rating in a research report on Monday, April 13th. Finally, Weiss Ratings upgraded shares of Allegion from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Allegion has a consensus rating of "Hold" and an average target price of $164.75.

About Allegion

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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