Handelsbanken Fonder AB Raises Stock Holdings in Allegion PLC $ALLE

Handelsbanken Fonder AB grew its position in shares of Allegion PLC (NYSE:ALLE) by 43.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 38,900 shares of the scientific and technical instruments company’s stock after purchasing an additional 11,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Allegion were worth $5,465,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ALLE. Boston Partners boosted its stake in Allegion by 1.0% in the 3rd quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock worth $842,026,000 after buying an additional 48,199 shares during the last quarter. State Street Corp lifted its holdings in shares of Allegion by 6.6% during the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock worth $750,584,000 after acquiring an additional 260,973 shares during the period. Geode Capital Management LLC increased its position in Allegion by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock worth $427,521,000 after purchasing an additional 13,880 shares during the last quarter. Invesco Ltd. increased its position in Allegion by 12.7% during the fourth quarter. Invesco Ltd. now owns 1,402,682 shares of the scientific and technical instruments company’s stock worth $223,335,000 after purchasing an additional 157,724 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Allegion by 4.5% during the third quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company’s stock worth $214,605,000 after purchasing an additional 52,612 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Allegion

In related news, SVP Timothy P. Eckersley sold 6,417 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the sale, the senior vice president directly owned 29,919 shares of the company’s stock, valued at approximately $4,705,061.94. This represents a 17.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Wagnes sold 3,184 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total value of $480,720.32. Following the transaction, the chief financial officer owned 31,299 shares in the company, valued at $4,725,523.02. This trade 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. Over the last three months, insiders sold 11,288 shares of company stock worth $1,764,593. 0.64% of the stock is currently owned by company insiders.

Key Headlines Impacting Allegion

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Zacks raises earnings forecasts across multiple periods. Zacks Research increased its FY2026 EPS estimate to $8.90 from $8.72, FY2027 to $9.44 from $9.25, and FY2028 to $10.31 from $10.05. The firm also lifted estimates for several quarterly periods, including Q3 2026, Q1-Q4 2027, and Q1-Q2 2028. The revisions indicate greater confidence in Allegion’s earnings growth.
• Positive Sentiment: Longer-term earnings growth remains favorable. Zacks’ FY2028 forecast implies continued expansion from its FY2026 estimate, while the current-year consensus EPS estimate is $8.93. Allegion’s latest reported quarter also featured earnings and revenue above analyst expectations, supporting the constructive outlook.
• Neutral Sentiment: Company publishes inclusive-design material. Allegion released an e-book discussing inclusive design beyond compliance with the Americans with Disabilities Act. The publication may support the company’s brand and thought-leadership efforts but has no disclosed near-term financial impact. Allegion E-Book Examines Inclusive Design Beyond ADA Compliance
• Negative Sentiment: Current-year forecast remains slightly below consensus. Zacks’ FY2026 EPS estimate of $8.90 is below the broader analyst consensus of $8.93. That small gap is not a major deterioration, but it limits the immediate bullish effect of the upward revisions.

Allegion Price Performance

Shares of NYSE ALLE opened at $165.01 on Friday. 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 50 day moving average price of $144.92 and a two-hundred day moving average price of $146.86. The firm has a market cap of $14.03 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 3.38 and a beta of 0.84.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating 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 company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business posted $2.04 EPS. The business’s revenue was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Sell-side analysts expect that Allegion PLC will post 8.93 earnings per share for the current fiscal year.

Allegion declared that its Board of Directors has approved a share repurchase plan on Tuesday, April 28th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently weighed in on ALLE. Weiss Ratings raised Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Thursday, June 11th. Barclays cut their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Bank of America decreased their price objective on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Finally, Robert W. Baird set a $170.00 target price on shares of Allegion in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Allegion currently has a consensus rating of “Hold” and an average price target of $164.75.

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.