NewEdge Wealth LLC Sells 5,331 Shares of Allegion PLC $ALLE

NewEdge Wealth LLC lessened its stake in shares of Allegion PLC (NYSE:ALLE) by 15.1% during the first quarter, Holdings Channel reports. The fund owned 29,902 shares of the scientific and technical instruments company’s stock after selling 5,331 shares during the quarter. NewEdge Wealth LLC’s holdings in Allegion were worth $4,345,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ALLE. Boston Partners increased its stake in Allegion by 1.0% in the third quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock valued at $842,026,000 after purchasing an additional 48,199 shares in the last quarter. State Street Corp boosted its position 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 purchasing an additional 260,973 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Allegion by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock valued at $427,521,000 after buying an additional 13,880 shares during the period. Massachusetts Financial Services Co. MA increased its position in Allegion by 10.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock valued at $412,876,000 after buying an additional 236,248 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Allegion by 12.7% during the 4th quarter. Invesco Ltd. now owns 1,402,682 shares of the scientific and technical instruments company’s stock worth $223,335,000 after buying an additional 157,724 shares during the period. 92.21% of the stock is owned by institutional investors.

Key Allegion News

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Allegion reported Q2 2026 EPS of $2.40, beating estimates, while revenue of $1.15 billion also topped expectations and rose 12.7% year over year. Allegion (NYSE: ALLE) Reports Q2-2026 Financial Results
• Positive Sentiment: The company raised FY2026 guidance, lifting its EPS outlook to 8.85-9.00 and signaling better-than-expected profitability and revenue momentum. Allegion (NYSE: ALLE) Reports Q2-2026 Financial Results
• Positive Sentiment: Management highlighted organic growth and margin expansion in the Americas, and commentary suggests the International segment is showing signs of recovery. Allegion: Keep Calm And Lock In
• Neutral Sentiment: JPMorgan raised its price target on Allegion to $170 from $150 but kept a neutral rating, implying the stock may have less room to run than the recent earnings-driven rally suggests. Tickerreport.com
• Neutral Sentiment: Allegion also disclosed a new regulation-related risk in its latest filing, though the company said there were no material changes to its risk profile. Allegion: Keep Calm And Lock In

Allegion Stock Performance

Shares of ALLE stock opened at $153.28 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.19. The firm has a 50-day moving average of $134.81 and a 200-day moving average of $146.82. Allegion PLC has a one year low of $125.00 and a one year high of $183.11. The company has a market cap of $13.17 billion, a P/E ratio of 20.12, a P/E/G ratio of 3.14 and a beta of 0.85.

Allegion (NYSE:ALLE) last released its quarterly earnings results 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 net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company earned $2.04 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities research analysts forecast that Allegion PLC will post 8.93 EPS for the current fiscal year.

Allegion announced that its Board of Directors has approved a share buyback program 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 repurchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the business’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 value of $547,639.95. Following the transaction, the senior vice president owned 8,570 shares in the company, valued at $1,175,375.50. The trade was a 31.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on ALLE. Robert W. Baird set a $170.00 price objective on Allegion in a research note on Friday. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Thursday, June 11th. JPMorgan Chase & Co. raised their price objective on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday. Barclays decreased their target price on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Finally, Morgan Stanley dropped their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $164.75.

Allegion Company Profile

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.