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

NewEdge Wealth LLC trimmed its position in shares of Allegion PLC (NYSE:ALLE) by 15.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its position in Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 115 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Allegion in the 2nd quarter valued at approximately $33,000. Hantz Financial Services Inc. increased its position in Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 68 shares during the period. Bard Associates Inc. bought a new position in shares of Allegion during the fourth quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Allegion during the third quarter valued at $36,000. 92.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Robert C. Martens sold 3,993 shares of Allegion stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.64% of the company’s stock.

Allegion Trading Down 0.8%

ALLE opened at $153.28 on Friday. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11. The company has a quick ratio of 1.19, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The company has a fifty day moving average of $134.81 and a 200-day moving average of $146.82. The stock has a market cap of $13.17 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 3.14 and a beta of 0.85.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. Allegion’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, sell-side analysts predict that Allegion PLC will post 8.93 EPS for the current year.

Allegion announced that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Key Headlines Impacting Allegion

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ALLE. Morgan Stanley cut their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Weiss Ratings downgraded Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Robert W. Baird set a $170.00 target price on Allegion in a research report on Friday. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. Finally, Evercore upgraded Allegion to a “strong-buy” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.