Allegion PLC $ALLE Shares Bought by Truist Financial Corp

Truist Financial Corp lifted its holdings in shares of Allegion PLC (NYSE:ALLE) by 16.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 74,244 shares of the scientific and technical instruments company’s stock after purchasing an additional 10,367 shares during the period. Truist Financial Corp’s holdings in Allegion were worth $13,167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ALLE. First Horizon Corp acquired a new position in Allegion during the third quarter worth $26,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion during the 2nd quarter worth $33,000. Spire Wealth Management grew its stake in shares of Allegion by 78.0% during the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 103 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Allegion in the 2nd quarter valued at about $37,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Allegion in the third quarter valued at about $42,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALLE has been the topic of several recent analyst reports. Robert W. Baird upped their target price on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Barclays dropped their price objective on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $174.25.

Allegion Price Performance

Shares of NYSE:ALLE opened at $165.37 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.11 and a current ratio of 1.77. The business’s fifty day moving average price is $162.61 and its two-hundred day moving average price is $166.78. The stock has a market cap of $14.23 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 3.00 and a beta of 1.04. Allegion PLC has a one year low of $116.57 and a one year high of $180.68.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $2.04 annualized dividend and a yield of 1.2%. Allegion’s payout ratio is presently 27.60%.

Key Stories Impacting Allegion

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Zacks Research raised several near‑term and FY EPS estimates for ALLE (small but consistent increases to Q2–Q4 2026 and Q1–Q4 2027 and FY2026–FY2027), signaling modestly better forward earnings visibility and supporting the rally.
• Positive Sentiment: Analysts also bumped FY2025 and FY2026 estimates (and repeatedly lifted quarterly estimates for Q3/Q4 2025–2027), suggesting incremental improvement in expected profitability across multiple periods — a positive catalyst for valuation re‑rating.
• Positive Sentiment: The security & safety industry outlook was highlighted in a Zacks commentary that names Allegion among four stocks positioned to benefit from durable product demand and R&D tailwinds, which can attract sector flows and investor interest. 4 Security & Safety Stocks to Consider on Prospering Industry Trends

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.