Vincent Wenos Sells 1,000 Shares of Allegion (NYSE:ALLE) Stock

Allegion PLC (NYSE:ALLE) SVP Vincent Wenos sold 1,000 shares of Allegion stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $168.25, for a total transaction of $168,250.00. Following the transaction, the senior vice president directly owned 12,096 shares in the company, valued at $2,035,152. This represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Allegion Stock Performance

NYSE ALLE opened at $169.01 on Friday. The company has a fifty day moving average price of $141.31 and a 200-day moving average price of $146.83. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 3.44 and a beta of 0.84. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the firm earned $2.04 earnings per share. The firm’s 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 PLC will post 8.93 EPS for the current fiscal year.

Allegion announced that its board has approved a stock buyback plan on Tuesday, April 28th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ALLE. Bank of America cut their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Robert W. Baird set a $170.00 price target on Allegion in a report on Friday, July 24th. Morgan Stanley cut their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price objective on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Barclays lowered their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $164.75.

Institutional Investors Weigh In On Allegion

Hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. lifted its position 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 valued at $25,000 after buying an additional 115 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in Allegion by 1,666.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in Allegion in the 2nd quarter worth about $33,000. Hantz Financial Services Inc. raised its stake in Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 68 shares during the period. Finally, Bard Associates Inc. bought a new stake in Allegion in the 4th quarter valued at about $35,000. Institutional investors own 92.21% of the company’s stock.

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.