Steven Mizell Sells 1,000 Shares of Allegion (NYSE:ALLE) Stock

Allegion PLC (NYSE:ALLE) Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the transaction, the director owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Steven Mizell also recently made the following trade(s):

• On Wednesday, February 18th, Steven Mizell sold 400 shares of Allegion stock. The stock was sold at an average price of $163.79, for a total value of $65,516.00.

Allegion Trading Up 0.7%

ALLE stock traded up $1.10 during mid-day trading on Friday, reaching $162.33. 515,986 shares of the stock traded hands, compared to its average volume of 918,148. Allegion PLC has a one year low of $116.57 and a one year high of $183.11. The stock has a market capitalization of $13.98 billion, a PE ratio of 21.87, a PEG ratio of 3.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.84. The business has a 50-day moving average price of $165.42 and a two-hundred day moving average price of $168.12.

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

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio is 27.60%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays reduced their price target on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research note on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Allegion has a consensus rating of “Hold” and a consensus price target of $175.50.

Hedge Funds Weigh In On Allegion

Hedge funds and other institutional investors have recently modified their holdings of the business. Westside Investment Management Inc. lifted its holdings in Allegion by 100.0% during the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 70 shares during the period. Pinnacle Bancorp Inc. lifted its stake in shares of Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 115 shares during the last quarter. First Horizon Corp purchased a new stake in shares of Allegion during the 3rd quarter worth $26,000. Hantz Financial Services Inc. grew its stake in Allegion by 120.9% in 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 during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Allegion in the third quarter valued at about $29,000. 92.21% of the stock is currently owned by institutional investors.

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.