Barclays Lowers Allegion (NYSE:ALLE) Price Target to $165.00

Allegion (NYSE:ALLE) had its price objective dropped by analysts at Barclays from $176.00 to $165.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the scientific and technical instruments company’s stock. Barclays‘s price objective points to a potential upside of 16.89% from the stock’s current price.

ALLE has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company cut their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Three equities research 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 currently has an average rating of “Hold” and a consensus price target of $171.13.

Allegion Stock Down 2.1%

ALLE opened at $141.16 on Wednesday. The firm’s 50 day simple moving average is $158.27 and its two-hundred day simple moving average is $164.11. The company has a market capitalization of $12.16 billion, a PE ratio of 18.97, a PEG ratio of 3.12 and a beta of 1.02. Allegion has a 1-year low of $116.57 and a 1-year high of $183.11. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The company’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities analysts forecast that Allegion will post 7.77 EPS for the current year.

Insider Buying and Selling at Allegion

In other Allegion news, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director owned 4,915 shares in the company, valued at $793,821.65. The trade was a 16.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sue Main acquired 2,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, with a total value of $299,220.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at approximately $299,220. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Allegion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westside Investment Management Inc. grew its holdings in Allegion by 100.0% during the 3rd 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 in the last quarter. First Horizon Corp purchased a new stake in shares of Allegion during the 3rd quarter worth approximately $26,000. Hantz Financial Services Inc. raised its holdings in shares of 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 worth $26,000 after acquiring an additional 81 shares in the last quarter. Pinnacle Bancorp Inc. boosted 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 acquiring an additional 115 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Allegion in the third quarter valued at $29,000. 92.21% of the stock is 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.