Allegion plc
In the published model solve dated 2026-Q2, anchored at $157.48, Allegion plc (ALLE) is priced for +9.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Allegion's worth is not in its assets: book value is roughly $24.26 a share, because door hardware specified into a building's drawings earns high returns on very little invested capital. • Trade policy is the external variable with the most leverage on the thesis, and the 10-K is explicit that ⟦"Throughout 2025, the U.S. government announced tariffs on imports from several countries from which we manufacture and/or import products and components."⟧ • Second-quarter results on July 23, 2026 ra
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740 institutional managers reported holding ALLE in 13F filings for the quarter ended 2026-03-31. 69 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 4.1M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ALLE has cut its share count 4.3% over the past five years, spending $674.50M on repurchases. It pays a dividend, and has paid one every year in our records (12 and counting), raised 11 years straight; the current rate is $2.04 a share annually. Cash returned over the past three years: $469.10M in dividends and $380.60M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ALLE over the trailing three years: 2023: 1 buy totaling $2.04M; 2024: 5 buys totaling $3.19M; 2025: 2 buys totaling $1.27M; 2026: 3 buys totaling $299k. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ALLE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-07-27 | -9.1% | -9.7% |
| 2023-11-01 | +1.2% | +22.8% |
| 2024-02-21 | -1.0% | -3.5% |
| 2024-04-26 | -2.1% | -4.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ALLE's latest 8-K filings: 2026-07-23 (items 2.02, 9.01); 2026-06-09 (items 5.07); 2026-04-28 (items 2.02, 9.01); 2026-04-15 (items 8.01); 2026-02-17 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.