Allegion PLC $ALLE Stock: State of Alaska Department of Revenue Raises Position

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 disclosure with the Securities & Exchange Commission. The fund owned 57,417 shares of the scientific and technical instruments company’s stock after acquiring an additional 48,996 shares during the period. State of Alaska Department of Revenue’s holdings in Allegion were worth $8,829,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ALLE. Continuum Advisory LLC purchased a new stake in Allegion during the 2nd quarter worth about $25,000. Elevation Wealth Partners LLC raised its stake in Allegion by 1,666.7% in 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 purchasing an additional 200 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in Allegion in the 2nd quarter valued at about $42,000. Ameritas Advisory Services LLC purchased a new position in Allegion in the 2nd quarter valued at about $44,000. Finally, Blue Trust Inc. lifted its holdings in Allegion by 105.1% in the 1st quarter. Blue Trust Inc. now owns 771 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 395 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other Allegion news, SVP Timothy Eckersley sold 6,417 shares of Allegion stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $157.26, for a total value of $1,009,137.42. Following the completion of the sale, the senior vice president owned 29,919 shares in the company, valued at $4,705,061.94. The trade was a 17.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Vincent Wenos sold 1,000 shares of Allegion stock in a transaction dated 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 sale, 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. Insiders sold a total of 11,288 shares of company stock valued at $1,764,593 in the last three months. Company insiders own 0.64% of the company’s stock.

Allegion Trading Up 2.0%

Shares of Allegion stock opened at $155.52 on Friday. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The firm has a market cap of $13.23 billion, a PE ratio of 20.41, a P/E/G ratio of 3.10 and a beta of 0.81. The business’s fifty day moving average is $156.67 and its two-hundred day moving average is $145.50. 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 (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.18. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Analysts anticipate that Allegion PLC will post 8.94 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Tuesday, September 15th. This represents a $2.20 annualized dividend and a yield of 1.4%. Allegion’s dividend payout ratio is 28.87%.

About Allegion

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.