The Manufacturers Life Insurance Company Has $87.08 Million Stock Holdings in Allegion PLC $ALLE

The Manufacturers Life Insurance Company grew its holdings in Allegion PLC (NYSE:ALLE) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 599,326 shares of the scientific and technical instruments company’s stock after acquiring an additional 97,304 shares during the period. The Manufacturers Life Insurance Company’s holdings in Allegion were worth $87,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in Allegion in the fourth quarter worth $131,523,000. Panagora Asset Management Inc. raised its holdings in Allegion by 191.8% during the fourth quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock valued at $99,401,000 after buying an additional 410,346 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Allegion by 2,013.5% during the first quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company’s stock valued at $51,612,000 after buying an additional 338,425 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Allegion by 163.9% in the fourth quarter. Franklin Resources Inc. now owns 529,243 shares of the scientific and technical instruments company’s stock worth $84,266,000 after buying an additional 328,701 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Allegion by 817.1% in the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock worth $54,700,000 after buying an additional 274,800 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Key Stories Impacting Allegion

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Allegion’s recent quarterly performance remains a key support for the stock. The company reported adjusted EPS of $2.40, exceeding estimates of $2.22, while revenue rose 12.7% year over year to $1.15 billion, above the $1.12 billion consensus. Management reaffirmed fiscal 2026 EPS guidance of $8.85–$9.00. Allegion earnings and stock information
• Positive Sentiment: The company’s $500 million share-repurchase authorization, potentially covering about 3.9% of outstanding shares, may provide ongoing support by signaling management’s confidence in the valuation. Institutional investors also hold approximately 92.2% of the stock, with several funds recently increasing their positions. Allegion insider and institutional ownership information
• Positive Sentiment: Momentum-focused coverage continues to highlight Allegion as a potentially attractive long-term stock, supported by its earnings growth, solid profitability and performance above its longer-term moving averages. Zacks Allegion momentum article
• Neutral Sentiment: Allegion gained during Tuesday’s session but lagged several industry peers, suggesting the stock lacked a company-specific catalyst strong enough to outperform the broader group. MarketWatch Allegion performance article
• Negative Sentiment: Several executives disclosed stock sales totaling about $1.60 million: CFO Michael Wagnes sold 3,184 shares, SVP Timothy Eckersley sold 6,417 shares and CAO Nickolas Musial sold 687 shares. The transactions were made under pre-arranged Rule 10b5-1 plans where disclosed, reducing the likelihood that they reflect new concerns, but insider selling can still weigh on sentiment.
• Negative Sentiment: Analyst sentiment remains cautious. Allegion carries a consensus “Hold” rating with an average price target of $164.75, while several firms have reduced targets; the stock’s elevated valuation relative to expected growth may limit near-term upside.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of analyst reports. Bank of America lowered their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. upped their target price on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Morgan Stanley lowered their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Allegion has a consensus rating of “Hold” and a consensus target price of $164.75.

Allegion Stock Down 1.7%

ALLE stock opened at $158.43 on Thursday. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 3.28 and a beta of 0.85. The company has a 50-day moving average of $136.68 and a two-hundred day moving average of $146.66. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23.

Allegion (NYSE:ALLE) 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, topping the consensus estimate of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm earned $2.04 EPS. The firm’s 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. As a group, equities research analysts anticipate that Allegion PLC will post 8.92 EPS for the current year.

Allegion declared that its board has initiated a stock repurchase program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares in the company, valued at $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael J. Wagnes sold 3,184 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were 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 directly owned 31,299 shares of the company’s stock, valued at $4,725,523.02. This represents a 9.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,281 shares of company stock valued at $2,143,983. Corporate insiders own 0.64% of the company’s stock.

About Allegion

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.