Allegion (NYSE:ALLE) Price Target Lowered to $165.00 at Barclays

Allegion (NYSE:ALLE) had its price objective cut by investment analysts at Barclays from $176.00 to $165.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the scientific and technical instruments company’s stock. Barclays‘s price target would indicate a potential upside of 14.42% from the stock’s current price.

ALLE has been the topic of several other research reports. Wells Fargo & Company cut their price target on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $171.13.

Allegion Stock Down 0.8%

NYSE:ALLE traded down $1.09 during trading hours on Wednesday, reaching $144.20. The company had a trading volume of 370,888 shares, compared to its average volume of 895,357. Allegion has a twelve month low of $116.57 and a twelve month high of $183.11. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 3.09 and a beta of 1.03. The business’s 50-day simple moving average is $159.22 and its two-hundred day simple moving average is $164.41.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.Allegion’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities analysts expect that Allegion will post 7.77 earnings per share for the current year.

Insider Transactions at Allegion

In other Allegion news, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the sale, the director directly owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. The trade was a 16.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sue Main acquired 2,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of $149.61 per share, with a total value of $299,220.00. Following the completion of the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately $299,220. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allegion

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westside Investment Management Inc. boosted its holdings in Allegion by 100.0% during the 3rd 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 during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares during the last quarter. First Horizon Corp bought a new position in shares of Allegion during the third quarter valued at about $26,000. Hantz Financial Services Inc. lifted 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 valued at $26,000 after purchasing an additional 81 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Allegion during the third quarter worth about $29,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.