Allegion PLC Announces Quarterly Dividend of $0.55 (NYSE:ALLE)

Allegion PLC (NYSE:ALLE) declared a quarterly dividend on Wednesday, September 2nd. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.55 per share by the scientific and technical instruments company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, September 15th.

Allegion has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Allegion has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allegion to earn $9.62 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 22.9%.

Allegion Stock Up 2.4%

Shares of NYSE ALLE opened at $155.48 on Thursday. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. Allegion has a 12 month low of $125.00 and a 12 month high of $183.11. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 3.09 and a beta of 0.83. The stock has a 50-day moving average price of $152.08 and a two-hundred day moving average price of $145.56.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company earned $2.04 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, analysts forecast that Allegion will post 8.92 earnings per share for the current fiscal year.

Insider Activity

In other Allegion news, Director Steven Mizell bought 170 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the purchase, the director directly owned 5,899 shares in the company, valued at $933,693.72. This represents a 2.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy P. Eckersley sold 6,417 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the completion of the transaction, the senior vice president directly owned 29,919 shares of the company’s stock, valued at approximately $4,705,061.94. This represents a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 11,288 shares of company stock worth $1,764,593. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Allegion

A number of hedge funds have recently bought and sold shares of ALLE. Continuum Advisory LLC purchased a new stake in Allegion in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Allegion during the 3rd quarter worth approximately $36,000. Elevation Wealth Partners LLC boosted its stake 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 worth $30,000 after acquiring an additional 200 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Allegion by 45.9% during the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 68 shares in the last quarter. Finally, Bard Associates Inc. acquired a new position in Allegion in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

About Allegion

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.