Fifth Third Bancorp Purchases 121,546 Shares of Allegion PLC $ALLE

Fifth Third Bancorp grew its position in Allegion PLC (NYSE:ALLE - Free Report) by 3,924.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,643 shares of the scientific and technical instruments company's stock after buying an additional 121,546 shares during the quarter. Fifth Third Bancorp owned 0.15% of Allegion worth $19,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Maryland State Retirement & Pension System lifted its position in shares of Allegion by 777.1% during the third quarter. Maryland State Retirement & Pension System now owns 39,250 shares of the scientific and technical instruments company's stock worth $6,035,000 after purchasing an additional 34,775 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Allegion by 31.4% in the third quarter. Ritholtz Wealth Management now owns 2,893 shares of the scientific and technical instruments company's stock valued at $445,000 after purchasing an additional 692 shares during the period. Valued Wealth Advisors LLC grew its holdings in shares of Allegion by 4,960.0% in the third quarter. Valued Wealth Advisors LLC now owns 253 shares of the scientific and technical instruments company's stock valued at $39,000 after purchasing an additional 248 shares in the last quarter. Silver Grove Financial Group Inc. grew its holdings in shares of Allegion by 839.0% in the third quarter. Silver Grove Financial Group Inc. now owns 770 shares of the scientific and technical instruments company's stock valued at $118,000 after purchasing an additional 688 shares in the last quarter. Finally, Bahl & Gaynor LLC grew its holdings in shares of Allegion by 2.6% in the third quarter. Bahl & Gaynor LLC now owns 146,329 shares of the scientific and technical instruments company's stock valued at $22,501,000 after purchasing an additional 3,740 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insiders Place Their Bets

In related news, Director Steven Mizell purchased 170 shares of the business's stock in a transaction dated 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 purchase, the director directly owned 5,899 shares of the company's stock, valued at $933,693.72. This trade represents a 2.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy P. Eckersley sold 6,364 shares of the company's stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $178.62, for a total value of $1,136,737.68. Following the sale, the senior vice president owned 22,028 shares of the company's stock, valued at $3,934,641.36. This trade represents a 22.41% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.64% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ALLE. Mizuho set a $180.00 target price on shares of Allegion in a research note on Friday, October 23rd. Robert W. Baird set a $196.00 price target on shares of Allegion in a research report on Friday, October 23rd. Weiss Ratings upgraded shares of Allegion from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. The Goldman Sachs Group upped their price objective on Allegion from $182.00 to $206.00 and gave the stock a "buy" rating in a research report on Monday, October 26th. Finally, Morgan Stanley increased their price objective on Allegion from $170.00 to $181.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 3rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $180.70.

Allegion Stock Up 0.8%

Shares of NYSE:ALLE opened at $191.68 on Friday. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $195.42. The firm's 50 day moving average price is $164.87 and its 200 day moving average price is $152.07. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.94. The stock has a market cap of $16.16 billion, a price-to-earnings ratio of 23.87, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82.

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 EPS for the quarter, topping the consensus estimate of $2.50 by $0.10. Allegion had a net margin of 15.74% and a return on equity of 35.52%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the business posted $2.30 EPS. The firm's revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts predict that Allegion PLC will post 9.09 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued 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 1.1%. Allegion's dividend payout ratio (DPR) is presently 27.40%.

More Allegion News

These are some of the ALLE news items that stood out recently:

• Positive Sentiment: Zacks Research raised its earnings estimates across multiple periods, including FY2026 to $9.06 per share, FY2027 to $9.77, and FY2028 to $10.77. The broad upward revisions suggest improving analyst expectations and may support investor sentiment. MarketBeat analyst estimates
• Positive Sentiment: A Zacks investment article highlights growth in Allegion’s Americas segment, strategic acquisitions, higher shareholder returns, and rising earnings estimates as reasons for the company’s investment appeal. Zacks Allegion investment outlook
• Neutral Sentiment: Allegion presented at the Baird 2026 Global Industrial Conference. The provided transcript listing does not specify new guidance or other developments that would clearly affect the stock. Conference transcript

Allegion Company Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, hospitals and other institutions. Its offerings include mechanical and electronic locks, access-control systems, door closers, exit devices and related door hardware. The company sells products under brands including Schlage, Von Duprin, LCN and CISA. Its solutions are used in both commercial and residential settings, with operations serving customers in North America and other markets around the world.

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