Handelsbanken Fonder AB Boosts Position in Allegion PLC $ALLE

Key Points

• Handelsbanken Fonder increased its Allegion stake by 43% in the second quarter, adding 11,700 shares to own 38,900 shares valued at approximately $5.5 million. Institutional investors collectively own 92.21% of the company.
• Allegion reported quarterly EPS of $2.40 and revenue of $1.15 billion, beating analyst estimates, while revenue grew 12.7% year over year. The company maintained full-year EPS guidance of $8.85–$9.00 and authorized a $500 million share-repurchase program.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and an average price target of $164.75 after several firms lowered targets. Meanwhile, Allegion insiders sold 11,288 shares worth about $1.76 million over the past 90 days.

Handelsbanken Fonder AB lifted its position in Allegion PLC (NYSE:ALLE - Free Report) by 43.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,900 shares of the scientific and technical instruments company's stock after purchasing an additional 11,700 shares during the quarter. Handelsbanken Fonder AB's holdings in Allegion were worth $5,465,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ALLE. Oregon Public Employees Retirement Fund increased its holdings in shares of Allegion by 0.6% during 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 buying an additional 59 shares during the last quarter. Diversify Advisory Services LLC raised its position in shares of Allegion by 2.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company's stock valued at $380,000 after buying an additional 60 shares during the period. D.A. Davidson & CO. lifted its holdings in Allegion by 4.1% in the fourth quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company's stock valued at $257,000 after acquiring an additional 63 shares during the last quarter. Hantz Financial Services Inc. grew its position in Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company's stock worth $34,000 after acquiring an additional 68 shares during the period. Finally, LRI Investments LLC grew its position in Allegion by 10.0% in the fourth quarter. LRI Investments LLC now owns 793 shares of the scientific and technical instruments company's stock worth $126,000 after acquiring an additional 72 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley decreased their price target on Allegion from $165.00 to $142.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 3rd. Bank of America dropped their target price on shares of Allegion from $185.00 to $157.00 and set a "neutral" rating for the company in a report on Monday, April 20th. Weiss Ratings upgraded Allegion from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. 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. Finally, Barclays dropped their price objective on Allegion from $165.00 to $161.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 29th. One 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, Allegion currently has an average rating of "Hold" and a consensus target price of $164.75.

Insider Activity at Allegion

In related news, SVP Timothy P. Eckersley sold 6,417 shares of the company's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $157.26, for a total value of $1,009,137.42. Following the completion of the sale, the senior vice president directly owned 29,919 shares of the company's stock, valued at $4,705,061.94. This represents a 17.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vincent Wenos sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $168.25, for a total value of $168,250.00. Following the transaction, the senior vice president owned 12,096 shares in the company, valued at $2,035,152. This represents a 7.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,288 shares of company stock valued at $1,764,593 in the last ninety days. 0.64% of the stock is currently owned by insiders.

Trending Headlines about Allegion

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Zacks raises earnings forecasts across multiple periods. Zacks Research increased its FY2026 EPS estimate to $8.90 from $8.72, FY2027 to $9.44 from $9.25, and FY2028 to $10.31 from $10.05. The firm also lifted estimates for several quarterly periods, including Q3 2026, Q1-Q4 2027, and Q1-Q2 2028. The revisions indicate greater confidence in Allegion’s earnings growth.
• Positive Sentiment: Longer-term earnings growth remains favorable. Zacks’ FY2028 forecast implies continued expansion from its FY2026 estimate, while the current-year consensus EPS estimate is $8.93. Allegion’s latest reported quarter also featured earnings and revenue above analyst expectations, supporting the constructive outlook.
• Neutral Sentiment: Company publishes inclusive-design material. Allegion released an e-book discussing inclusive design beyond compliance with the Americans with Disabilities Act. The publication may support the company’s brand and thought-leadership efforts but has no disclosed near-term financial impact. Allegion E-Book Examines Inclusive Design Beyond ADA Compliance
• Negative Sentiment: Current-year forecast remains slightly below consensus. Zacks’ FY2026 EPS estimate of $8.90 is below the broader analyst consensus of $8.93. That small gap is not a major deterioration, but it limits the immediate bullish effect of the upward revisions.

Allegion Price Performance

ALLE stock opened at $165.01 on Friday. The business has a 50 day moving average price of $144.92 and a 200 day moving average price of $146.86. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.38 and a beta of 0.84. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11.

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

Allegion announced that its board has approved a stock repurchase plan on Tuesday, April 28th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Allegion Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source