Insider Buying: Allegion (NYSE:ALLE) Director Purchases $26,907.60 in Stock

Allegion PLC (NYSE:ALLE) Director Steven Mizell bought 170 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average price of $158.28 per share, with a total value of $26,907.60. Following the completion of the transaction, the director directly owned 5,899 shares of the company’s stock, valued at $933,693.72. This represents a 2.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Allegion Trading Up 2.4%

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

Allegion (NYSE:ALLE) last posted its quarterly earnings data 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. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Research analysts forecast that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently announced 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 of this dividend is Tuesday, September 15th. This represents a $2.20 annualized dividend and a yield of 1.4%. Allegion’s dividend payout ratio is currently 28.87%.

Institutional Investors Weigh In On Allegion

Institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC purchased a new position in shares of Allegion in the second quarter valued at about $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of Allegion by 1,666.7% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 200 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion during the second quarter worth about $33,000. Hantz Financial Services Inc. grew its stake in shares of Allegion by 45.9% in 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 during the last quarter. Finally, Bard Associates Inc. bought a new stake in shares of Allegion in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ALLE. Morgan Stanley decreased their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Robert W. Baird set a $170.00 target price on shares of Allegion in a report on Friday, July 24th. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Thursday, June 11th. JPMorgan Chase & Co. upped their price target on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Weiss Ratings raised Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Allegion presently has an average rating of “Hold” and an average target price of $164.75.

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.