Allegion PLC (NYSE:ALLE) Given Average Rating of “Hold” by Brokerages

Shares of Allegion PLC (NYSE:ALLE) have received a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $161.50.

Several research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 target price (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. Weiss Ratings downgraded shares of Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Barclays dropped their target price on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Finally, Robert W. Baird set a $165.00 target price on shares of Allegion in a report on Wednesday, April 29th.

Insider Transactions at Allegion

In related news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the sale, the senior vice president owned 8,570 shares of the company’s stock, valued at $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sue Main bought 2,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the purchase, the director owned 2,000 shares of the company’s stock, valued at $299,220. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.64% of the company’s stock.

Institutional Trading of Allegion

Several large investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its stake in Allegion by 41.8% during the first quarter. Glenmede Trust Co. NA now owns 2,006 shares of the scientific and technical instruments company’s stock worth $291,000 after buying an additional 591 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Allegion by 5.5% during the first quarter. Bank of America Corp DE now owns 542,132 shares of the scientific and technical instruments company’s stock worth $78,766,000 after purchasing an additional 28,449 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Allegion during the first quarter worth approximately $1,071,000. Janus Henderson Group PLC lifted its position in shares of Allegion by 92.5% during the first quarter. Janus Henderson Group PLC now owns 11,833 shares of the scientific and technical instruments company’s stock worth $1,719,000 after purchasing an additional 5,686 shares in the last quarter. Finally, Bull Harbor Capital LLC acquired a new position in shares of Allegion during the first quarter worth approximately $306,000. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

NYSE ALLE opened at $131.66 on Wednesday. Allegion has a 12 month low of $125.00 and a 12 month high of $183.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The firm has a market capitalization of $11.31 billion, a PE ratio of 17.99, a P/E/G ratio of 2.71 and a beta of 0.89. The company’s 50 day simple moving average is $139.76 and its 200 day simple moving average is $154.77.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. Allegion’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities research analysts forecast that Allegion will post 8.74 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.55 per share. The ex-dividend date is Monday, June 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.7%. Allegion’s payout ratio is presently 30.05%.

Allegion declared that its board has initiated a stock repurchase program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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.