TD Waterhouse Canada Inc. Buys 18,199 Shares of Allegion PLC $ALLE

TD Waterhouse Canada Inc. increased its stake in shares of Allegion PLC (NYSE:ALLE) by 6,297.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 18,488 shares of the scientific and technical instruments company’s stock after purchasing an additional 18,199 shares during the period. TD Waterhouse Canada Inc.’s holdings in Allegion were worth $2,843,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ALLE. MassMutual Private Wealth & Trust FSB increased its position in shares of Allegion by 5,141.6% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 11,846 shares of the scientific and technical instruments company’s stock valued at $1,822,000 after buying an additional 11,620 shares during the period. Regents Gate Capital LLP lifted its holdings in shares of Allegion by 291.7% in the first quarter. Regents Gate Capital LLP now owns 165,622 shares of the scientific and technical instruments company’s stock worth $24,063,000 after buying an additional 123,343 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Allegion by 1,653.5% in the third quarter. GAMMA Investing LLC now owns 33,018 shares of the scientific and technical instruments company’s stock valued at $5,077,000 after acquiring an additional 31,135 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Allegion by 19.4% in the first quarter. The Manufacturers Life Insurance Company now owns 599,326 shares of the scientific and technical instruments company’s stock valued at $87,076,000 after acquiring an additional 97,304 shares during the period. Finally, Andra AP fonden boosted its position in shares of Allegion by 382.8% in the second quarter. Andra AP fonden now owns 69,945 shares of the scientific and technical instruments company’s stock valued at $9,827,000 after acquiring an additional 55,459 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Evercore reiterated an “outperform” rating and issued a $180.00 target price on shares of Allegion in a research note on Tuesday, September 22nd. Robert W. Baird set a $170.00 price target on shares of Allegion in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $162.50.

Insider Buying and Selling

In related news, CFO Michael Wagnes sold 3,184 shares of the company’s 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 transaction, the chief financial officer directly owned 31,299 shares in the company, valued at approximately $4,725,523.02. This represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vincent Wenos sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $168.25, for a total transaction of $168,250.00. Following the completion of the sale, the senior vice president directly owned 12,096 shares in the company, valued at $2,035,152. This represents a 7.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,288 shares of company stock valued at $1,764,593 in the last 90 days. 0.64% of the stock is owned by company insiders.

Allegion Price Performance

Allegion stock opened at $156.94 on Wednesday. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 3.16 and a beta of 0.81. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $155.98 and a 200 day simple moving average of $145.76. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11.

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, 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 firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm posted $2.04 EPS. The company’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. On average, research analysts forecast that Allegion PLC will post 8.94 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Allegion’s payout ratio is presently 28.87%.

About Allegion

Allegion plc (NYSE:ALLE) is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.