California State Teachers Retirement System Increases Holdings in Allegion PLC $ALLE

Key Points

• California State Teachers Retirement System dramatically increased its Allegion stake by 13,296.8% in the second quarter, acquiring 18.29 million additional shares and ending with a 21.67% ownership position valued at about $2.59 billion.
• Allegion reported a quarterly earnings and revenue beat, with adjusted EPS of $2.40 versus the $2.22 estimate and revenue of $1.15 billion. The company guided to fiscal 2026 EPS of $8.85–$9.00 and declared a quarterly dividend of $0.55 per share.
• Analyst sentiment remains mostly cautious: Allegion has an average “Hold” rating and a consensus price target of $164.75, while the stock recently traded at $151.31. Insiders sold 11,288 shares worth approximately $1.76 million over the past three months.

California State Teachers Retirement System lifted its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 13,296.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,430,040 shares of the scientific and technical instruments company's stock after acquiring an additional 18,292,470 shares during the period. California State Teachers Retirement System owned 21.67% of Allegion worth $2,589,236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Allegion by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company's stock valued at $1,251,000 after purchasing an additional 626 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Allegion by 35.3% in the 1st quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company's stock valued at $427,000 after purchasing an additional 854 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Allegion by 44.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company's stock worth $213,000 after purchasing an additional 499 shares during the period. Empowered Funds LLC boosted its holdings in shares of Allegion by 13.0% in the 1st quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company's stock worth $740,000 after purchasing an additional 651 shares during the period. Finally, Focus Partners Wealth increased its position in shares of Allegion by 204.5% during the 1st quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company's stock valued at $937,000 after purchasing an additional 4,826 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insider Transactions at Allegion

In other Allegion news, SVP Vincent Wenos sold 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $168.25, for a total transaction of $168,250.00. Following the transaction, the senior vice president directly owned 12,096 shares in the company, valued at $2,035,152. This represents a 7.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael J. Wagnes sold 3,184 shares of the firm's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total transaction of $480,720.32. Following the transaction, the chief financial officer directly owned 31,299 shares in the company, valued at $4,725,523.02. This trade represents a 9.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,288 shares of company stock valued at $1,764,593 over the last three months. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Longbow Research upgraded Allegion from a "neutral" rating to a "buy" rating and set a $165.00 price target on the stock in a report on Thursday, June 11th. Robert W. Baird set a $170.00 price objective on shares of Allegion in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Allegion from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target 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. Finally, Morgan Stanley reduced their price objective on shares of Allegion from $165.00 to $142.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Allegion presently has an average rating of "Hold" and a consensus price target of $164.75.

Allegion Stock Down 0.3%

Shares of NYSE:ALLE opened at $151.31 on Friday. The business's 50 day moving average is $153.92 and its 200 day moving average is $145.01. The stock has a market cap of $12.87 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 3.09 and a beta of 0.83. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. 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 (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company posted $2.04 EPS. Allegion's revenue was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Sell-side analysts predict that Allegion PLC will post 8.92 EPS for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 15th. Allegion's payout ratio is presently 28.87%.

Allegion Company Profile

Allegion plc NYSE: ALLE is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion's brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

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

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