Allegion PLC (NYSE:ALLE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Allegion PLC (NYSE:ALLE) have been given an average rating of “Hold” by the ten analysts that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $164.75.

A number of research analysts have recently commented on ALLE shares. Weiss Ratings upgraded Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. 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 note on Friday, July 24th. 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 report on Thursday, June 11th. Finally, Morgan Stanley reduced their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd.

Insiders Place Their Bets

In related news, SVP Vincent Wenos sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 12,096 shares of the company’s stock, valued at approximately $2,035,152. This trade represents a 7.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael J. Wagnes sold 3,184 shares of the business’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total value of $480,720.32. Following the transaction, the chief financial officer owned 31,299 shares of the company’s stock, valued at approximately $4,725,523.02. The trade was a 9.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,288 shares of company stock valued at $1,764,593 over the last quarter. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Allegion

A number of hedge funds and other institutional investors have recently bought and sold shares of ALLE. Kingsview Wealth Management LLC purchased a new position in Allegion in the 4th quarter worth about $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Allegion by 5.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,501 shares of the scientific and technical instruments company’s stock valued at $29,205,000 after buying an additional 9,598 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Allegion by 793.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 45,002 shares of the scientific and technical instruments company’s stock valued at $7,165,000 after buying an additional 39,964 shares during the period. National Pension Service grew its stake in Allegion by 145.0% in the 4th quarter. National Pension Service now owns 19,072 shares of the scientific and technical instruments company’s stock worth $3,037,000 after acquiring an additional 11,287 shares in the last quarter. Finally, Titan Investment Solutions Ltd purchased a new position in shares of Allegion during the fourth quarter worth approximately $5,466,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Down 0.6%

Shares of ALLE stock opened at $156.24 on Friday. The stock has a market cap of $13.29 billion, a P/E ratio of 20.50, a PEG ratio of 3.20 and a beta of 0.83. The company’s fifty day simple moving average is $153.47 and its two-hundred day simple moving average is $145.15. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. Allegion has a 52 week low of $125.00 and a 52 week high of $183.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.18. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Analysts predict that Allegion will post 8.92 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Allegion’s dividend payout ratio is 28.87%.

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.