Allegion PLC $ALLE Stock Bought by Sterling Capital Management LLC

Sterling Capital Management LLC lifted its holdings in shares of Allegion PLC (NYSE:ALLE) by 442.8% during the 3rd quarter, Holdings Channel reports. The firm owned 17,620 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,374 shares during the period. Sterling Capital Management LLC’s holdings in Allegion were worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ALLE. Yousif Capital Management LLC lifted its position in shares of Allegion by 588.1% during the 3rd quarter. Yousif Capital Management LLC now owns 66,771 shares of the scientific and technical instruments company’s stock valued at $10,267,000 after acquiring an additional 57,068 shares during the period. MBL Wealth LLC bought a new stake in Allegion during the third quarter worth about $413,000. Compass Wealth Management LLC acquired a new stake in Allegion during the third quarter worth about $124,000. NBT Bank N.A. bought a new stake in shares of Allegion during the 3rd quarter worth approximately $2,738,000. Finally, SBI Securities Co. Ltd. raised its position in Allegion by 3,589.7% during the third quarter. SBI Securities Co. Ltd. now owns 1,070 shares of the scientific and technical instruments company’s stock valued at $165,000 after purchasing an additional 1,041 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ALLE. Mizuho set a $180.00 target price on Allegion in a research note on Friday. Bank of America raised Allegion from a “neutral” rating to a “buy” rating and upped their target price for the stock from $164.00 to $200.00 in a report on Friday. Evercore reaffirmed an “outperform” rating and set a $180.00 price target on shares of Allegion in a research note on Tuesday, September 22nd. Robert W. Baird set a $196.00 price target on shares of Allegion in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Allegion from $170.00 to $183.00 and gave the company a “neutral” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $173.56.

Allegion Trading Down 0.0%

NYSE:ALLE opened at $178.95 on Monday. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The firm has a 50-day moving average price of $156.32 and a two-hundred day moving average price of $146.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.24 and a current ratio of 1.90. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 3.59 and a beta of 0.81.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 EPS. On average, equities analysts expect that Allegion PLC will post 9.04 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is 27.40%.

Insider Buying and Selling at Allegion

In other Allegion news, Director Steven Mizell acquired 170 shares of the business’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of $158.28 per share, with a total value of $26,907.60. Following the completion of the transaction, the director owned 5,899 shares in the company, valued at approximately $933,693.72. This trade represents a 2.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Vincent Wenos sold 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $168.25, for a total value of $168,250.00. Following the completion of the transaction, the senior vice president owned 12,096 shares of the company’s stock, valued at $2,035,152. This trade represents a 7.64% decrease in their position. The SEC filing for this sale provides additional information. 0.64% of the stock is currently owned by insiders.

Allegion News Summary

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Q3 earnings and revenue beat estimates. Allegion reported adjusted earnings of $2.60 per share versus the $2.50 consensus, while revenue rose 9.6% year over year to $1.17 billion, ahead of the $1.14 billion estimate. Allegion Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised full-year guidance. Allegion now expects 2026 adjusted EPS of $9.05–$9.10, above the roughly $8.96 consensus, and revenue of approximately $4.5 billion versus estimates near $4.4 billion. Its reported revenue-growth outlook was raised to 9.5%–10.5%. Allegion Raises 2026 Adjusted EPS Outlook
• Positive Sentiment: Americas demand is driving the recovery. Low-double-digit organic growth in Americas non-residential markets, combined with margin expansion, helped offset weaker international performance and strengthened confidence in volume growth. Allegion Key Takeaways for Long-Term Investors
• Positive Sentiment: Analyst sentiment improved. Bank of America upgraded Allegion to Buy from Neutral and lifted its price target to $200 from $164. JPMorgan raised its target to $183, while Morgan Stanley increased its target to $170. BofA said improving volumes could support a further valuation re-rating. B of A Securities Upgrades Allegion

About Allegion

Allegion plc (NYSE:ALLE) is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

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