Tudor Investment Corp ET AL Decreases Stake in Allegion PLC $ALLE

Key Points

• Tudor Investment Corp cut its stake in Allegion by 24.4% in Q3 to 42,756 shares worth $7.58M, while institutional ownership remains high at 92.21% and Berkshire Hathaway established a new ~$112.4M position earlier in the year.
• Allegion reported quarterly EPS of $1.94, missing estimates and posting $1.03B in revenue, set FY2026 guidance of 8.70–8.90 EPS, and raised its quarterly dividend to $0.55 (annualized $2.20, ~1.5% yield).

Tudor Investment Corp ET AL lowered its position in Allegion PLC (NYSE:ALLE - Free Report) by 24.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,756 shares of the scientific and technical instruments company's stock after selling 13,827 shares during the quarter. Tudor Investment Corp ET AL's holdings in Allegion were worth $7,583,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Forvis Mazars Wealth Advisors LLC acquired a new stake in Allegion during the third quarter worth approximately $2,838,000. Burney Co. acquired a new position in shares of Allegion in the 3rd quarter valued at $9,297,000. Fusion Capital LLC purchased a new position in shares of Allegion in the 3rd quarter valued at $4,406,000. Berkshire Hathaway Inc purchased a new position in shares of Allegion in the 2nd quarter valued at $112,433,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Allegion by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company's stock worth $417,991,000 after acquiring an additional 113,821 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Stock Performance

NYSE ALLE opened at $143.73 on Tuesday. The firm has a market cap of $12.38 billion, a P/E ratio of 19.32, a P/E/G ratio of 3.08 and a beta of 1.03. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $183.11. The business's 50-day moving average price is $161.39 and its 200 day moving average price is $165.58. 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 (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a net margin of 15.83% and a return on equity of 38.06%. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same period in the prior year, the company earned $1.86 earnings per share. The firm's revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities research analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.55 dividend. This is a positive change from Allegion's previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Allegion's payout ratio is 29.57%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several research reports. Barclays decreased their target price on Allegion from $180.00 to $176.00 and set an "equal weight" rating for the company in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Allegion in a research report on Wednesday, January 21st. Wells Fargo & Company reiterated a "positive" rating on shares of Allegion in a research note on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Allegion from $190.00 to $180.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $175.00.

Insiders Place Their Bets

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

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.

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