Axxcess Wealth Management LLC Acquires 10,987 Shares of Allegion PLC $ALLE

Key Points

• Axxcess Wealth Management increased its Allegion stake by 687.1% in the third quarter, purchasing 10,987 additional shares and bringing its holdings to 12,586 shares valued at approximately $1.94 million.
• Institutional investors own 92.21% of Allegion, while insider ownership stands at 0.64%; director Steven Mizell bought shares, while SVP Vincent Wenos sold 1,000 shares.
• Allegion reported quarterly EPS of $2.60 and revenue of $1.17 billion, beating analyst estimates. Analyst sentiment is moderately bullish, with a consensus target price of $173.56 and Bank of America upgrading the stock to Buy with a $200 target.

Axxcess Wealth Management LLC grew its position in Allegion PLC (NYSE:ALLE - Free Report) by 687.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,586 shares of the scientific and technical instruments company's stock after buying an additional 10,987 shares during the period. Axxcess Wealth Management LLC's holdings in Allegion were worth $1,935,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Allegion by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 853,222 shares of the scientific and technical instruments company's stock worth $123,952,000 after acquiring an additional 13,186 shares during the period. Hawk Ridge Capital Management LP increased its holdings in shares of Allegion by 32.9% in the first quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company's stock valued at $116,640,000 after purchasing an additional 198,800 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Allegion by 19.4% during the first 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 acquiring an additional 97,304 shares during the period. Boston Trust Walden Corp grew its stake in shares of Allegion by 8.1% in the first 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 raised its stake in 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 worth $78,766,000 after purchasing an additional 28,449 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Insider Buying and Selling

In related news, Director Steven Mizell acquired 170 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of $158.28 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 in the company, valued at $2,035,152. This trade represents a 7.64% decrease in their position. The SEC filing for this sale provides additional information. 0.64% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Allegion Stock Up 1.4%

Shares of NYSE:ALLE opened at $178.95 on Friday. The firm has a market cap of $15.22 billion, a P/E ratio of 22.29, a PEG ratio of 3.53 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 simple moving average is $156.32 and its two-hundred day simple moving average is $146.36. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.23 and a current ratio of 1.90.

Allegion (NYSE:ALLE - Get Free Report) last posted 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 the consensus estimate of $2.50 by $0.10. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Allegion had a net margin of 15.74% and a return on equity of 35.52%. Allegion's revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.30 EPS. As a group, research analysts forecast that Allegion PLC will post 9.08 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.55 per share. 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 (DPR) is currently 28.87%.

Allegion News Roundup

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

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.

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