Steven Mizell Sells 400 Shares of Allegion (NYSE:ALLE) Stock

Allegion PLC (NYSE:ALLE) Director Steven Mizell sold 400 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $163.79, for a total transaction of $65,516.00. Following the sale, the director directly owned 5,915 shares of the company’s stock, valued at $968,817.85. This represents a 6.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, February 19th, Steven Mizell sold 1,000 shares of Allegion stock. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00.

Allegion Stock Up 0.7%

ALLE stock traded up $1.10 during trading hours on Friday, reaching $162.33. 515,986 shares of the stock were exchanged, compared to its average volume of 918,148. The firm’s 50-day moving average is $165.42 and its 200-day moving average is $168.12. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $183.11. The company has a market cap of $13.98 billion, a price-to-earnings 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 current ratio of 1.84 and a quick ratio of 1.11.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $1.86 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities research analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

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

Hedge Funds Weigh In On Allegion

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Westside Investment Management Inc. raised its stake in Allegion by 100.0% in the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 70 shares during the period. Pinnacle Bancorp Inc. raised its stake in Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 115 shares during the period. First Horizon Corp bought a new stake in Allegion in the 3rd quarter valued at $26,000. Hantz Financial Services Inc. lifted its holdings in Allegion by 120.9% during the 3rd 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 bought a new position in Allegion during the third quarter worth $29,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Barclays decreased their price objective on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Allegion has a consensus rating of “Hold” and a consensus target price of $175.50.

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.