Zacks Research Forecasts Allegion’s Q1 Earnings (NYSE:ALLE)

Allegion PLC (NYSE:ALLE) – Analysts at Zacks Research upped their Q1 2027 EPS estimates for Allegion in a research report issued on Wednesday, February 11th. Zacks Research analyst Team now forecasts that the scientific and technical instruments company will earn $1.95 per share for the quarter, up from their previous forecast of $1.94. The consensus estimate for Allegion’s current full-year earnings is $7.77 per share. Zacks Research also issued estimates for Allegion’s FY2027 earnings at $8.83 EPS.

A number of other brokerages have also recently issued reports on ALLE. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Robert W. Baird increased their price objective on Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Finally, Barclays cut their target price on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Allegion has a consensus rating of “Hold” and a consensus price target of $174.25.

Allegion Stock Performance

Shares of ALLE stock opened at $179.34 on Thursday. The firm’s 50 day moving average is $164.93 and its 200 day moving average is $168.07. The stock has a market capitalization of $15.43 billion, a P/E ratio of 24.27, a PEG ratio of 3.25 and a beta of 1.03. Allegion has a 12 month low of $116.57 and a 12 month high of $183.11. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.55 per share. This is a boost from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.2%. Allegion’s dividend payout ratio is 27.60%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Boston Partners grew its stake in Allegion by 1.0% in the 3rd quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock worth $842,026,000 after buying an additional 48,199 shares in the last quarter. State Street Corp lifted its holdings in shares of Allegion by 6.6% during the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock worth $750,584,000 after acquiring an additional 260,973 shares during the last quarter. Geode Capital Management LLC grew its position in Allegion by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock worth $427,521,000 after acquiring an additional 13,880 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Allegion by 10.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock worth $412,876,000 after acquiring an additional 236,248 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Allegion by 22.5% in the second quarter. Nordea Investment Management AB now owns 1,509,567 shares of the scientific and technical instruments company’s stock valued at $216,095,000 after acquiring an additional 277,241 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

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.