8,250 Allegion PLC $ALLE Shares Sold by Redmond Asset Management LLC

Redmond Asset Management LLC decreased its holdings in shares of Allegion PLC (NYSE:ALLE) by 68.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,889 shares of the scientific and technical instruments company’s stock after selling 8,250 shares during the period. Redmond Asset Management LLC’s holdings in Allegion were worth $598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC acquired a new position in Allegion during the second quarter worth $25,000. Elevation Wealth Partners LLC grew its position in shares of Allegion by 1,666.7% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Allegion during the second quarter worth about $42,000. Ameritas Advisory Services LLC purchased a new stake in shares of Allegion during the second quarter worth about $44,000. Finally, Brown Lisle Cummings Inc. raised its position in shares of Allegion by 14,733.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 445 shares of the scientific and technical instruments company’s stock worth $68,000 after purchasing an additional 442 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity

In other news, Director Steven Mizell bought 170 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were bought at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the acquisition, the director directly owned 5,899 shares of the company’s stock, valued at $933,693.72. This trade represents a 2.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 4,469 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $178.81, for a total transaction of $799,101.89. Following the completion of the sale, the senior vice president directly owned 11,358 shares of the company’s stock, valued at approximately $2,030,923.98. This trade represents a 28.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,833 shares of company stock valued at $2,104,090 in the last ninety days. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of research reports. Robert W. Baird set a $196.00 price target on shares of Allegion in a research note on Friday, October 23rd. The Goldman Sachs Group boosted their price target on Allegion from $182.00 to $206.00 and gave the stock a “buy” rating in a research report on Monday. Bank of America raised Allegion from a “neutral” rating to a “buy” rating and increased their price objective for the company from $164.00 to $200.00 in a research note on Friday, October 23rd. JPMorgan Chase & Co. raised their price objective on Allegion from $170.00 to $183.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Finally, Evercore reaffirmed an “outperform” rating and set a $180.00 target price on shares of Allegion in a research note on Tuesday, September 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $179.60.

More Allegion News

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Allegion Ventures made its second strategic investment in Ambient.ai, an artificial-intelligence company focused on video intelligence for security applications. The investment supports Allegion’s strategy of expanding connected, intelligent access-control solutions, though the immediate financial impact was not disclosed. Allegion Ventures Makes Second Strategic Investment in Ambient.ai
• Positive Sentiment: Recent quarterly results exceeded expectations, with adjusted earnings per share of $2.60 versus the $2.50 consensus and revenue of $1.17 billion versus $1.14 billion expected. Revenue increased 9.6% year over year, while management raised its 2026 revenue-growth outlook to 9.5%–10.5% and adjusted EPS guidance to $9.05–$9.10. Americas growth of approximately 12%, supported by nonresidential construction and data-center demand, is driving optimism. Allegion Raised 2026 Forecast
• Positive Sentiment: Zacks upgraded Allegion to Rank #2 (Buy), citing stronger earnings prospects. Other coverage highlighted broker-rating upgrades and expectations for solid 2026 earnings growth, which could support continued investor interest. What Makes Allegion a New Buy Stock
• Positive Sentiment: At ISC East 2026, Allegion showcased integrated hardware, cloud-connected and mobile access-control products, reinforcing its push toward higher-value electronic security offerings. Allegion Showcases Access Control at ISC East
• Neutral Sentiment: Analyst commentary remains broadly constructive, but some investors argue that strong Americas growth and the improved outlook are already reflected in the share valuation. International markets, particularly Germany, remain weak. Allegion Solid Americas Growth
• Negative Sentiment: Two senior vice presidents sold a combined 10,833 shares worth approximately $1.94 million, reducing their holdings by 28.24% and 22.41%, respectively. The sales create a modest insider-selling signal, although the filings do not explain the transactions. SEC Insider Sale Filing

Allegion Stock Performance

NYSE ALLE opened at $180.71 on Thursday. The stock’s fifty day moving average is $157.52 and its two-hundred day moving average is $150.56. The firm has a market capitalization of $15.24 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 3.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.24 and a current ratio of 1.90. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.10. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company earned $2.30 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts anticipate that Allegion PLC will post 9.10 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.2%. Allegion’s dividend payout ratio is currently 27.40%.

Allegion 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.