Allegion PLC (NYSE:ALLE) Receives $175.13 Consensus Target Price from Brokerages

Allegion PLC (NYSE:ALLE) has been given a consensus rating of “Hold” by the ten brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $175.1250.

ALLE has been the subject of a number of research reports. Robert W. Baird boosted their price objective on Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. The Goldman Sachs Group raised their price objective on shares of Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Finally, Barclays lifted their price target on shares of Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a report on Friday, October 24th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ALLE. Mirabella Financial Services LLP acquired a new position in Allegion during the 3rd quarter worth $8,366,000. Allworth Financial LP boosted its holdings in Allegion by 15.1% during the third quarter. Allworth Financial LP now owns 1,357 shares of the scientific and technical instruments company’s stock worth $241,000 after buying an additional 178 shares in the last quarter. IFP Advisors Inc grew its position in Allegion by 86.5% in the third quarter. IFP Advisors Inc now owns 1,660 shares of the scientific and technical instruments company’s stock worth $298,000 after buying an additional 770 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in shares of Allegion by 8.7% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 63,138 shares of the scientific and technical instruments company’s stock valued at $11,198,000 after purchasing an additional 5,034 shares during the period. Finally, Groupama Asset Managment acquired a new stake in shares of Allegion during the third quarter valued at approximately $1,055,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Down 0.1%

Shares of NYSE:ALLE opened at $161.12 on Friday. The firm has a 50 day simple moving average of $163.66 and a 200-day simple moving average of $163.85. Allegion has a twelve month low of $116.57 and a twelve month high of $180.68. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $13.86 billion, a PE ratio of 21.80, a P/E/G ratio of 3.15 and a beta of 1.03.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. Allegion had a net margin of 16.09% and a return on equity of 40.83%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm posted $2.16 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. On average, equities analysts predict that Allegion will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.3%. Allegion’s dividend payout ratio (DPR) is 27.60%.

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.