Allegion PLC $ALLE Shares Bought by Truist Financial Corp

Truist Financial Corp raised its holdings in shares of Allegion PLC (NYSE:ALLE) by 16.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,244 shares of the scientific and technical instruments company’s stock after acquiring an additional 10,367 shares during the quarter. Truist Financial Corp owned approximately 0.09% of Allegion worth $13,167,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ALLE. First Horizon Corp acquired a new position in Allegion in the third quarter valued at approximately $26,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion during the 2nd quarter worth approximately $33,000. Spire Wealth Management boosted its holdings in shares of Allegion by 78.0% in the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 103 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of Allegion in the 3rd quarter valued at $42,000. Finally, MUFG Securities EMEA plc acquired a new stake in Allegion during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Trading Up 0.6%

NYSE:ALLE opened at $165.37 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $162.61 and its 200-day simple moving average is $166.78. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.68. The firm has a market cap of $14.23 billion, a P/E ratio of 22.38, a PEG ratio of 3.00 and a beta of 1.04.

Allegion Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Allegion News Summary

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

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.