Allegion PLC (NYSE:ALLE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Allegion PLC (NYSE:ALLE) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $175.1250.

ALLE has been the subject of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. The Goldman Sachs Group boosted their price target on Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Robert W. Baird upped their price target on Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Barclays raised their price objective on Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th.

Institutional Investors Weigh In On Allegion

Large investors have recently made changes to their positions in the business. Ballentine Partners LLC acquired a new stake in Allegion in the second quarter worth about $244,000. Berkshire Hathaway Inc bought a new stake in shares of Allegion during the 2nd quarter worth about $112,433,000. Los Angeles Capital Management LLC raised its position in shares of Allegion by 48.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 180,750 shares of the scientific and technical instruments company’s stock worth $26,050,000 after buying an additional 59,144 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Allegion by 9.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 71,087 shares of the scientific and technical instruments company’s stock worth $10,245,000 after acquiring an additional 6,247 shares during the period. Finally, Grimes & Company Inc. bought a new position in shares of Allegion in the second quarter valued at approximately $210,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Trading Up 0.0%

NYSE ALLE opened at $160.88 on Friday. Allegion has a 12 month low of $116.57 and a 12 month high of $180.68. The company has a 50-day moving average of $164.36 and a 200-day moving average of $163.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11. The company has a market cap of $13.84 billion, a P/E ratio of 21.77, a P/E/G ratio of 3.14 and a beta of 1.03.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.09. Allegion had a net margin of 16.09% and a return on equity of 40.83%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company earned $2.16 earnings per share. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. As a group, equities analysts predict that Allegion will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.51 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $2.04 annualized dividend and a yield of 1.3%. Allegion’s dividend payout ratio (DPR) is presently 27.60%.

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.