Connor Clark & Lunn Investment Management Ltd. Grows Stock Holdings in Allegion PLC $ALLE

Connor Clark & Lunn Investment Management Ltd. increased its position in Allegion PLC (NYSE:ALLE) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 151,318 shares of the scientific and technical instruments company’s stock after buying an additional 10,823 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.18% of Allegion worth $26,836,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. boosted its stake in shares of Allegion by 100.0% in the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 70 shares during the period. First Horizon Corp bought a new stake in Allegion during the 3rd quarter valued at approximately $26,000. Hantz Financial Services Inc. lifted its holdings in Allegion by 120.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in Allegion in the 3rd quarter worth approximately $29,000. Finally, CYBER HORNET ETFs LLC bought a new position in Allegion in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Barclays cut their target price on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a research note on Monday, February 23rd. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Allegion currently has an average rating of “Hold” and a consensus price target of $175.00.

Allegion Stock Performance

NYSE:ALLE opened at $145.77 on Friday. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 3.17 and a beta of 1.03. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $183.11. The stock’s 50 day simple moving average is $163.80 and its two-hundred day simple moving average is $166.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio is 27.42%.

Key Headlines Impacting Allegion

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Director Sue Main bought 2,000 shares (~$149.61 each), a direct insider purchase that can be interpreted as management confidence in the business. SEC Form 4
• Positive Sentiment: Zacks Research issued a series of upward revisions to Allegion’s medium- to long‑term outlook (multiple quarter raises and FY2026, FY2027 and FY2028 increases — FY2026 to ~$8.71, FY2027 to ~$9.00, FY2028 to ~$9.95). These lifts suggest analysts see stronger underlying earnings power beyond the near term.
• Positive Sentiment: Allegion’s CFO will present at the 2026 J.P. Morgan Industrials Conference (Mar 18), giving management a forum to outline strategy and interact with institutional investors. Allegion to Attend 2026 J.P. Morgan Industrials Conference
• Positive Sentiment: Allegion was featured in a Forbes piece highlighting companies growing dividends, which may attract income-focused investors. 2 Stocks Using Market Chaos To Grow Their Dividends
• Negative Sentiment: Zacks trimmed some near-term estimates — notably Q4 2026 EPS to $2.19 (from $2.23) and reduced Q1 2026 — indicating modest near-term pressure on results that can weigh on sentiment.
• Negative Sentiment: MSN ran a negative-themed piece (“3 reasons to sell ALLE…”) which can amplify short-term selling pressure from retail investors. 3 reasons to sell ALLE and 1 stock to buy instead

Insiders Place Their Bets

In related news, Director Steven Mizell sold 1,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the transaction, the director owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sue Main purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of $149.61 per share, with a total value of $299,220.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $299,220. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.23% of the company’s stock.

Allegion 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.