Teacher Retirement System of Texas Grows Stock Position in Allegion PLC $ALLE

Key Points

• Teacher Retirement System of Texas boosted its stake in Allegion by 31.0% to 201,845 shares (about 0.23% of the company) valued at roughly $32.14 million, and overall institutional ownership stands near 92.21% with several large funds also adding shares.
• Allegion missed quarterly expectations (EPS $1.94 vs. $2.01, revenue $1.03B vs. $1.04B) but set FY2026 guidance of 8.70–8.90 EPS; the stock trades around $147.58 with a P/E near 19.8 and a quarterly dividend of $0.55 (1.5% yield).
• Analyst views are mixed: the consensus is a "Hold" with an average price target of $168.88, though firms like Evercore upgraded to strong-buy while Bank of America, Barclays and JPMorgan pared targets or adjusted ratings.

Teacher Retirement System of Texas boosted its stake in Allegion PLC (NYSE:ALLE - Free Report) by 31.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 201,845 shares of the scientific and technical instruments company's stock after purchasing an additional 47,764 shares during the quarter. Teacher Retirement System of Texas owned about 0.23% of Allegion worth $32,138,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ALLE. Millennium Management LLC grew its holdings in Allegion by 817.1% in the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company's stock valued at $54,700,000 after purchasing an additional 274,800 shares during the period. State Street Corp grew its holdings in Allegion by 6.6% in the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company's stock valued at $750,584,000 after purchasing an additional 260,973 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Allegion by 10.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company's stock valued at $412,876,000 after purchasing an additional 236,248 shares during the period. Caisse de depot et placement du Quebec grew its holdings in Allegion by 188.2% in the third quarter. Caisse de depot et placement du Quebec now owns 289,761 shares of the scientific and technical instruments company's stock valued at $51,389,000 after purchasing an additional 189,236 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Allegion by 2,028.5% in the fourth quarter. SG Americas Securities LLC now owns 193,651 shares of the scientific and technical instruments company's stock valued at $30,833,000 after purchasing an additional 184,553 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Steven Mizell sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the sale, the director owned 4,915 shares of the company's stock, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sue Main purchased 2,000 shares of the firm's stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, with a total value of $299,220.00. Following the transaction, the director directly owned 2,000 shares of the company's stock, valued at approximately $299,220. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.23% of the company's stock.

Allegion Trading Up 1.8%

Shares of ALLE stock opened at $147.58 on Friday. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.72 and a beta of 1.02. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. Allegion PLC has a fifty-two week low of $134.19 and a fifty-two week high of $183.11. The firm's 50 day moving average price is $150.03 and its two-hundred day moving average price is $160.70.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.07). The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, analysts anticipate that Allegion PLC will post 8.74 EPS for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Allegion's dividend payout ratio (DPR) is currently 29.57%.

Wall Street Analyst Weigh In

ALLE has been the subject of a number of recent analyst reports. Bank of America lowered 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. Evercore upgraded shares of Allegion to a "strong-buy" rating in a report on Monday, April 13th. Barclays lowered their target price on shares of Allegion from $176.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Weiss Ratings restated a "buy (b)" rating on shares of Allegion in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Allegion from $190.00 to $180.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $168.88.

Allegion Company 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.

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