GW&K Investment Management LLC Reduces Stake in Allegion PLC $ALLE

Key Points

• GW&K Investment Management cut its Allegion stake by 4.6% in Q3, selling 11,020 shares and now owns 230,190 shares worth about $40.8 million (roughly 0.27% of the company), while institutional investors overall hold about 92.21% of the stock.
• Quarterly results missed expectations—EPS $1.94 vs. $2.01 and revenue $1.03B vs. $1.04B—although Allegion set FY2026 guidance of $8.70–$8.90; the street consensus is a "Hold" with an average target near $175 and some banks cutting targets.
• Dividend increased to $0.55 quarterly (annualized $2.20, ~1.4% yield), payable March 31 with an ex-dividend date of March 13.

GW&K Investment Management LLC decreased its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 4.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,190 shares of the scientific and technical instruments company's stock after selling 11,020 shares during the quarter. GW&K Investment Management LLC owned approximately 0.27% of Allegion worth $40,825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cresset Asset Management LLC boosted its holdings in Allegion by 79.5% in the 3rd quarter. Cresset Asset Management LLC now owns 4,188 shares of the scientific and technical instruments company's stock valued at $743,000 after purchasing an additional 1,855 shares during the last quarter. Picton Mahoney Asset Management raised its position in shares of Allegion by 168.4% during the 3rd quarter. Picton Mahoney Asset Management now owns 11,302 shares of the scientific and technical instruments company's stock valued at $2,005,000 after buying an additional 7,091 shares during the period. Victory Capital Management Inc. lifted its holdings in Allegion by 79.1% in the third quarter. Victory Capital Management Inc. now owns 24,909 shares of the scientific and technical instruments company's stock valued at $4,418,000 after acquiring an additional 11,005 shares during the last quarter. CI Investments Inc. grew its position in Allegion by 40.0% in the third quarter. CI Investments Inc. now owns 448 shares of the scientific and technical instruments company's stock worth $79,000 after acquiring an additional 128 shares during the period. Finally, Elo Mutual Pension Insurance Co increased its stake in Allegion by 12.2% during the third quarter. Elo Mutual Pension Insurance Co now owns 13,954 shares of the scientific and technical instruments company's stock worth $2,475,000 after acquiring an additional 1,519 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Performance

Shares of Allegion stock opened at $156.61 on Thursday. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 3.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16. The business has a 50-day moving average of $165.20 and a 200 day moving average of $167.72. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $183.11.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.07). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, sell-side analysts forecast that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.55 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.20 annualized dividend and a yield of 1.4%. This is a boost from Allegion's previous quarterly dividend of $0.51. Allegion's dividend payout ratio is 27.42%.

Insider Activity at Allegion

In other news, Director Steven Mizell sold 1,000 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the sale, the director owned 4,915 shares of the company's stock, valued at approximately $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Allegion from $190.00 to $180.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Wells Fargo & Company restated a "positive" rating on shares of Allegion in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Allegion in a research report on Wednesday, January 21st. Finally, Barclays lowered their target price on shares of Allegion from $180.00 to $176.00 and set an "equal weight" rating for the company in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $175.00.

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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