Allegion PLC $ALLE Stock Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its position in shares of Allegion PLC (NYSE:ALLE) by 6,297.2% during the third quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ALLE. IFM Investors Pty Ltd lifted its stake in Allegion by 2,013.5% during the first quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company’s stock worth $51,612,000 after purchasing an additional 338,425 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Allegion by 964.6% in the 2nd quarter. Wellington Management Group LLP now owns 356,725 shares of the scientific and technical instruments company’s stock worth $50,116,000 after purchasing an additional 323,218 shares in the last quarter. Hawk Ridge Capital Management LP boosted its holdings in shares of Allegion by 32.9% in the 1st quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company’s stock worth $116,640,000 after purchasing an additional 198,800 shares in the last quarter. Rit Capital Partners PLC bought a new position in shares of Allegion during the 1st quarter valued at about $21,786,000. Finally, Hsbc Holdings PLC increased its position in shares of Allegion by 408.0% during the 1st quarter. Hsbc Holdings PLC now owns 175,098 shares of the scientific and technical instruments company’s stock valued at $25,409,000 after purchasing an additional 140,629 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

ALLE stock opened at $156.94 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The firm’s fifty day moving average is $155.98 and its 200 day moving average is $145.76. The firm has a market cap of $13.35 billion, a P/E ratio of 20.60, a P/E/G ratio of 3.16 and a beta of 0.81.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Research analysts predict that Allegion PLC will post 8.94 earnings per share for the current year.

Allegion Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Allegion

In related news, CFO Michael J. Wagnes sold 3,184 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total transaction of $480,720.32. Following the completion of the sale, the chief financial officer directly owned 31,299 shares in the company, valued at $4,725,523.02. This represents a 9.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vincent Wenos sold 1,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $168.25, for a total value of $168,250.00. Following the sale, the senior vice president owned 12,096 shares of the company’s stock, 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. In the last 90 days, insiders have sold 11,288 shares of company stock valued at $1,764,593. 0.64% of the stock is currently owned by corporate insiders.

Allegion Company Profile

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.