Fifth Third Bancorp Buys 121,546 Shares of Allegion PLC $ALLE

Fifth Third Bancorp lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 3,924.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 124,643 shares of the scientific and technical instruments company’s stock after purchasing an additional 121,546 shares during the quarter. Fifth Third Bancorp’s holdings in Allegion were worth $19,166,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Continuum Advisory LLC purchased a new position in Allegion in the second quarter valued at about $25,000. Elevation Wealth Partners LLC lifted its position in shares of Allegion by 1,666.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Valued Wealth Advisors LLC lifted its position in shares of Allegion by 4,960.0% during the 3rd quarter. Valued Wealth Advisors LLC now owns 253 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 248 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Allegion during the 2nd quarter worth approximately $42,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Allegion during the 2nd quarter worth approximately $44,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALLE has been the topic of a number of research reports. Weiss Ratings upgraded Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Bank of America raised Allegion from a “neutral” rating to a “buy” rating and raised their price objective for the company from $164.00 to $200.00 in a research note on Friday, October 23rd. Mizuho set a $180.00 price objective on Allegion in a report on Friday, October 23rd. Robert W. Baird set a $196.00 target price on Allegion in a research report on Friday, October 23rd. Finally, Morgan Stanley upped their target price on Allegion from $170.00 to $181.00 and gave the company an “equal weight” rating in a report on Tuesday, November 3rd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Allegion presently has a consensus rating of “Moderate Buy” and an average price target of $180.70.

Key Stories Impacting Allegion

Here are a few of the latest stories about ALLE:

• Positive Sentiment: Zacks Research raised its earnings estimates across multiple periods, including FY2026 to $9.06 per share, FY2027 to $9.77, and FY2028 to $10.77. The broad upward revisions suggest improving analyst expectations and may support investor sentiment. MarketBeat analyst estimates
• Positive Sentiment: A Zacks investment article highlights growth in Allegion’s Americas segment, strategic acquisitions, higher shareholder returns, and rising earnings estimates as reasons for the company’s investment appeal. Zacks Allegion investment outlook
• Neutral Sentiment: Allegion presented at the Baird 2026 Global Industrial Conference. The provided transcript listing does not specify new guidance or other developments that would clearly affect the stock. Conference transcript

Insider Activity at Allegion

In other Allegion news, SVP Timothy Eckersley sold 6,364 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $178.62, for a total transaction of $1,136,737.68. Following the completion of the transaction, the senior vice president owned 22,028 shares of the company’s stock, valued at approximately $3,934,641.36. This trade represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tracy L. Kemp sold 4,469 shares of the firm’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $178.81, for a total value of $799,101.89. Following the transaction, the senior vice president directly owned 11,358 shares of the company’s stock, valued at $2,030,923.98. The trade was a 28.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is owned by corporate insiders.

Allegion Stock Performance

Shares of ALLE opened at $191.68 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 0.94. The stock has a market cap of $16.16 billion, a P/E ratio of 23.87, a PEG ratio of 2.14 and a beta of 0.82. The company has a 50-day moving average of $164.87 and a two-hundred day moving average of $152.07. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $195.42.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Allegion had a net margin of 15.74% and a return on equity of 35.52%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.30 earnings per share. As a group, research analysts predict that Allegion PLC will post 9.09 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 15th. Allegion’s payout ratio is currently 27.40%.

Allegion Company Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, hospitals and other institutions. Its offerings include mechanical and electronic locks, access-control systems, door closers, exit devices and related door hardware. The company sells products under brands including Schlage, Von Duprin, LCN and CISA. Its solutions are used in both commercial and residential settings, with operations serving customers in North America and other markets around the world.