NBT Bank N.A. Buys New Holdings in Allegion PLC $ALLE

Key Points

• NBT Bank acquired 17,804 Allegion shares in the third quarter, valued at approximately $2.74 million. Institutional investors and hedge funds collectively own 92.21% of the company.
• Allegion reported a strong third quarter, with adjusted EPS of $2.60 versus the $2.50 consensus and revenue of $1.17 billion, up 9.6% year over year. Management also raised its 2026 adjusted EPS outlook to $9.05–$9.10, supported by strong Americas demand.
• Despite positive earnings momentum, analysts maintain a consensus “Hold” rating with a $162.50 price target, while two senior vice presidents recently sold shares. ALLE was trading near $176, close to its 52-week high.

NBT Bank N.A. purchased a new stake in Allegion PLC (NYSE:ALLE - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 17,804 shares of the scientific and technical instruments company's stock, valued at approximately $2,738,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 13,186 shares during the last quarter. Hawk Ridge Capital Management LP increased its stake in Allegion by 32.9% during 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 increased its stake in 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 valued at $87,076,000 after purchasing an additional 97,304 shares during the last quarter. Boston Trust Walden Corp increased its stake in Allegion by 8.1% during 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 purchasing an additional 42,660 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Allegion by 5.5% during the first 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 during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Vincent Wenos sold 1,000 shares of the 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 completion of the transaction, the senior vice president directly owned 12,096 shares of the company's stock, valued at $2,035,152. This represents a 7.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Timothy Eckersley sold 6,417 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The shares were 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 owned 29,919 shares in the company, valued at approximately $4,705,061.94. This represents a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.64% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ALLE shares. JPMorgan Chase & Co. raised their price target on shares of Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Evercore reaffirmed an "outperform" rating and issued a $180.00 price target on shares of Allegion in a report on Tuesday, September 22nd. Weiss Ratings raised shares of Allegion from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Robert W. Baird set a $170.00 price objective on shares of Allegion in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Allegion presently has a consensus rating of "Hold" and a consensus price target of $162.50.

Trending Headlines about Allegion

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Q3 results exceeded expectations: Allegion reported adjusted earnings of $2.60 per share, above the $2.50 consensus estimate, while revenue reached $1.17 billion versus expectations of $1.14 billion. Revenue grew 9.6% year over year, and earnings increased from $2.30 per share in the prior-year quarter. Allegion third-quarter earnings report
• Positive Sentiment: Guidance was raised: Management increased its 2026 adjusted EPS outlook to $9.05-$9.10, signaling confidence in continued operating momentum and margin expansion. The company also raised its full-year revenue outlook. Allegion raises 2026 earnings outlook
• Positive Sentiment: Americas demand remained strong: The earnings call highlighted robust growth in the Americas, with non-residential activity helping offset pressure in other regions. This regional strength was the main reason investors responded favorably to the report. Allegion earnings call highlights
• Neutral Sentiment: Allegion Ventures made a follow-on investment in Ambient.ai, a company developing agentic physical-security technology. The investment supports Allegion’s longer-term innovation strategy but is unlikely to materially affect near-term earnings. Allegion Ventures investment in Ambient.ai
• Negative Sentiment: International markets remained comparatively weak, creating an offset to the Americas-led performance and representing a risk to the company’s growth outlook if the softness persists.

Allegion Stock Up 10.7%

ALLE stock opened at $176.01 on Friday. The stock has a market cap of $14.97 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81. The firm's 50-day simple moving average is $156.04 and its 200 day simple moving average is $146.13. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two 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 posted its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.50 by $0.10. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $2.30 EPS. Allegion's revenue was up 9.6% on a year-over-year basis. As a group, sell-side analysts predict that Allegion PLC will post 8.94 EPS for the current year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Allegion's payout ratio is 28.87%.

Allegion Profile

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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