Wellington Management Group LLP Acquires 323,218 Shares of Allegion PLC $ALLE

Key Points

• Wellington Management increased its Allegion stake by 964.6% in the second quarter, acquiring 323,218 additional shares and bringing its total holdings to 356,725 shares worth approximately $50.1 million.
• Allegion reported quarterly earnings of $2.40 per share, exceeding estimates by $0.18, while revenue rose 12.7% year over year to $1.15 billion. The company maintained fiscal 2026 EPS guidance of $8.85–$9.00.
• Allegion declared a quarterly dividend of $0.55 per share, representing a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $164.75.

Wellington Management Group LLP grew its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 964.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 356,725 shares of the scientific and technical instruments company's stock after buying an additional 323,218 shares during the quarter. Wellington Management Group LLP owned 0.42% of Allegion worth $50,116,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in Allegion by 0.6% in the fourth 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 purchasing an additional 59 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in Allegion by 2.7% during the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company's stock valued at $380,000 after purchasing an additional 60 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in Allegion by 4.1% during 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 purchasing an additional 63 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company's stock valued at $34,000 after purchasing an additional 68 shares during the period. Finally, LRI Investments LLC raised its holdings in shares of Allegion by 10.0% in the 4th quarter. LRI Investments LLC now owns 793 shares of the scientific and technical instruments company's stock worth $126,000 after buying an additional 72 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Up 0.3%

Shares of NYSE ALLE opened at $155.52 on Friday. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. The firm's 50-day simple moving average is $152.45 and its 200 day simple moving average is $145.39. 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 company has a market cap of $13.23 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 3.15 and a beta of 0.83.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter last year, the company posted $2.04 EPS. The company's quarterly revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, research analysts expect that Allegion PLC will post 8.92 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.20 annualized dividend and a yield of 1.4%. Allegion's dividend payout ratio is currently 28.87%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALLE. Morgan Stanley cut their price objective on Allegion from $165.00 to $142.00 and set an "equal weight" rating for the company in a report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price objective on shares of Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Robert W. Baird set a $170.00 price objective on shares of Allegion in a report on Friday, July 24th. Longbow Research raised Allegion from a "neutral" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. Finally, Weiss Ratings upgraded Allegion from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $164.75.

Insider Transactions at Allegion

In related news, SVP Vincent Wenos sold 1,000 shares of the firm's stock in a transaction dated 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 trade represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael J. Wagnes sold 3,184 shares of Allegion stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total value of $480,720.32. Following the completion of the sale, the chief financial officer owned 31,299 shares of the company's stock, valued at approximately $4,725,523.02. The trade was a 9.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,288 shares of company stock worth $1,764,593. Corporate insiders own 0.64% of the company's stock.

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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