Korea Investment CORP Sells 39,793 Shares of Allegion PLC $ALLE

Korea Investment CORP decreased its stake in shares of Allegion PLC (NYSE:ALLE) by 44.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,833 shares of the scientific and technical instruments company’s stock after selling 39,793 shares during the quarter. Korea Investment CORP’s holdings in Allegion were worth $8,661,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Berkshire Hathaway Inc acquired a new stake in shares of Allegion in the 2nd quarter valued at approximately $112,433,000. Norges Bank acquired a new position in Allegion during the second quarter worth $109,862,000. Geode Capital Management LLC raised its position in Allegion by 15.2% during the second quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company’s stock worth $369,514,000 after acquiring an additional 339,025 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its position in Allegion by 114.4% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 349,856 shares of the scientific and technical instruments company’s stock worth $50,421,000 after acquiring an additional 186,706 shares in the last quarter. Finally, Barclays PLC lifted its stake in Allegion by 67.2% in the third quarter. Barclays PLC now owns 431,741 shares of the scientific and technical instruments company’s stock valued at $76,569,000 after acquiring an additional 173,483 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 0.6%

Shares of Allegion stock opened at $146.60 on Thursday. 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 12-month low of $116.57 and a 12-month high of $183.11. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 3.19 and a beta of 1.03. The firm’s 50-day moving average price is $164.07 and its two-hundred day moving average price is $167.04.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share 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 the consensus estimate of $1.04 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio is currently 27.42%.

Insider Buying and Selling at Allegion

In related news, Director Steven Mizell sold 1,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the sale, the director owned 4,915 shares of the company’s stock, valued at $793,821.65. This trade represents a 16.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALLE. JPMorgan Chase & Co. lowered their price objective on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a research note on Tuesday, December 16th. Barclays reduced their price target on Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Allegion has an average rating of “Hold” and a consensus target price of $175.00.

More Allegion News

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Zacks Research raised multiple near- and medium-term EPS estimates for Allegion, lifting FY2026 to $8.71, FY2027 to $9.00 and FY2028 to $9.95, and increasing several quarterly forecasts (Q2–Q4 2026 and multiple 2027 quarters). That raises expectations for future profitability and provides a positive earnings-revision catalyst. Zacks Research Estimates
• Neutral Sentiment: Allegion’s CFO, Mike Wagnes, will present the company’s long-term strategy at the J.P. Morgan Industrials Conference on March 18; the live listen-only webcast is available via Allegion’s investor site. The presentation is a potential catalyst if management provides clearer visibility or guidance updates, but by itself is informational. Conference Announcement
• Negative Sentiment: Within Zacks’ note there was a small downward revision to Q1 2026 EPS (from $1.92 to $1.89). It’s a modest cut, but could temper near-term sentiment if investors focus on next-quarter momentum. Q1 2026 Revision

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.