Allegion PLC (NYSE:ALLE) Receives Average Recommendation of “Hold” from Brokerages

Allegion PLC (NYSE:ALLE) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $164.75.

Several research firms have commented on ALLE. Weiss Ratings raised shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Robert W. Baird set a $170.00 target price on shares of Allegion in a research report on Friday, July 24th. Morgan Stanley lowered their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. increased their price objective on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, July 24th.

Insider Buying and Selling

In related news, CAO Nickolas A. Musial sold 687 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total value of $106,485.00. Following the transaction, the chief accounting officer directly owned 6,798 shares of the company’s stock, valued at $1,053,690. This represents a 9.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy 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 value of $1,009,137.42. Following the completion of the transaction, the senior vice president owned 29,919 shares of the company’s stock, valued at $4,705,061.94. This trade represents a 17.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,288 shares of company stock worth $1,764,593 over the last ninety days. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Allegion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALLE. California State Teachers Retirement System raised its stake in shares of Allegion by 13,296.8% in the second quarter. California State Teachers Retirement System now owns 18,430,040 shares of the scientific and technical instruments company’s stock worth $2,589,236,000 after purchasing an additional 18,292,470 shares during the last quarter. Boston Partners lifted its holdings in shares of Allegion by 1.0% during the third quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock worth $842,026,000 after purchasing an additional 48,199 shares during the period. State Street Corp boosted its position in Allegion by 6.6% in the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock valued at $750,584,000 after buying an additional 260,973 shares during the last quarter. Geode Capital Management LLC increased its holdings in Allegion by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock worth $427,521,000 after buying an additional 13,880 shares during the period. Finally, Invesco Ltd. increased its holdings in Allegion by 12.7% in the 4th quarter. Invesco Ltd. now owns 1,402,682 shares of the scientific and technical instruments company’s stock worth $223,335,000 after buying an additional 157,724 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Trading Down 0.3%

Shares of NYSE:ALLE opened at $151.31 on Friday. Allegion has a 12-month low of $125.00 and a 12-month high of $183.11. The business’s fifty day simple moving average is $153.92 and its 200-day simple moving average is $145.01. The company has a market capitalization of $12.87 billion, a PE ratio of 19.86, a P/E/G ratio of 3.09 and a beta of 0.83. 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 (NYSE:ALLE) last issued its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the business posted $2.04 EPS. The firm’s quarterly revenue 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, equities research analysts predict that Allegion will post 8.92 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.55 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Allegion’s dividend payout ratio (DPR) is 28.87%.

Allegion Company Profile

Allegion plc (NYSE:ALLE) is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion’s brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.