State of Alaska Department of Revenue Buys 48,996 Shares of Allegion PLC $ALLE

State of Alaska Department of Revenue lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 581.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,417 shares of the scientific and technical instruments company’s stock after purchasing an additional 48,996 shares during the quarter. State of Alaska Department of Revenue owned about 0.07% of Allegion worth $8,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ALLE. Wealth Alliance LLC lifted its stake in shares of Allegion by 4.5% in the first quarter. Wealth Alliance LLC now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $384,000 after purchasing an additional 114 shares during the period. OLD National Bancorp IN boosted its holdings in Allegion by 6.2% during the first quarter. OLD National Bancorp IN now owns 1,973 shares of the scientific and technical instruments company’s stock worth $287,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP grew its position in Allegion by 9.5% during the second quarter. Allworth Financial LP now owns 1,368 shares of the scientific and technical instruments company’s stock worth $192,000 after buying an additional 119 shares during the period. Turtle Creek Wealth Advisors LLC grew its position in Allegion by 7.9% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 1,831 shares of the scientific and technical instruments company’s stock worth $266,000 after buying an additional 134 shares during the period. Finally, NewEdge Advisors LLC grew its position in Allegion by 6.5% during the second quarter. NewEdge Advisors LLC now owns 2,274 shares of the scientific and technical instruments company’s stock worth $319,000 after buying an additional 138 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allegion

In other Allegion news, CFO Michael Wagnes sold 3,184 shares of Allegion stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total transaction of $480,720.32. Following the completion of the transaction, the chief financial officer owned 31,299 shares in the company, valued at approximately $4,725,523.02. The trade was a 9.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Mizell purchased 170 shares of Allegion stock in a transaction on Friday, August 28th. The stock was acquired at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the acquisition, the director directly owned 5,899 shares of the company’s stock, valued at approximately $933,693.72. This represents a 2.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 11,288 shares of company stock valued at $1,764,593 in the last quarter. 0.64% of the stock is owned by corporate insiders.

Allegion Trading Up 2.0%

Shares of ALLE stock opened at $155.52 on Friday. The stock has a market cap of $13.23 billion, a P/E ratio of 20.41, a P/E/G ratio of 3.10 and a beta of 0.81. 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 PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The business has a fifty day simple moving average of $156.67 and a 200-day simple moving average of $145.50.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm earned $2.04 EPS. The business’s revenue for the quarter 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, analysts forecast that Allegion PLC will post 8.94 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is 28.87%.

Wall Street Analyst Weigh In

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

Allegion Company Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion’s portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.