Korea Investment CORP Sells 39,793 Shares of Allegion PLC $ALLE

Korea Investment CORP lowered its position in Allegion PLC (NYSE:ALLE) by 44.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,833 shares of the scientific and technical instruments company’s stock after selling 39,793 shares during the period. Korea Investment CORP owned about 0.06% of Allegion worth $8,661,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. lifted its holdings in Allegion by 100.0% during 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 in the last quarter. First Horizon Corp bought a new stake in shares of Allegion in the third quarter worth about $26,000. Hantz Financial Services Inc. raised its position in shares of Allegion by 120.9% during the third 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 during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Allegion during the third quarter worth about $29,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Allegion during the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Trending Headlines about Allegion

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Zacks Research raised multiple near- and medium-term EPS estimates for Allegion, lifting FY2026 to $8.71, FY2027 to $9.00 and FY2028 to $9.95, and increasing several quarterly forecasts (Q2–Q4 2026 and multiple 2027 quarters). That raises expectations for future profitability and provides a positive earnings-revision catalyst. Zacks Research Estimates
• Neutral Sentiment: Allegion’s CFO, Mike Wagnes, will present the company’s long-term strategy at the J.P. Morgan Industrials Conference on March 18; the live listen-only webcast is available via Allegion’s investor site. The presentation is a potential catalyst if management provides clearer visibility or guidance updates, but by itself is informational. Conference Announcement
• Negative Sentiment: Within Zacks’ note there was a small downward revision to Q1 2026 EPS (from $1.92 to $1.89). It’s a modest cut, but could temper near-term sentiment if investors focus on next-quarter momentum. Q1 2026 Revision

Insider Buying and Selling

In other 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 transaction of $161,510.00. Following the completion of the transaction, the director directly owned 4,915 shares in the company, valued at $793,821.65. This represents a 16.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.23% of the stock is owned by company insiders.

Allegion Price Performance

Shares of ALLE opened at $146.60 on Thursday. The stock has a market capitalization of $12.63 billion, a P/E ratio of 19.70, a P/E/G ratio of 3.19 and a beta of 1.03. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $183.11. The company has a 50 day moving average of $164.07 and a 200-day moving average of $167.04. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last announced its quarterly earnings data 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 return on equity of 38.06% and a net margin of 15.83%.The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $1.86 EPS. The business’s revenue for the quarter 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 research analysts forecast that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

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

Analyst Upgrades and Downgrades

ALLE has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Barclays reduced their price target on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Allegion has a consensus rating of “Hold” and an average price target of $175.00.

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.