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

Shares of Allegion PLC (NYSE:ALLE) have earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $160.8889.

Several research firms recently weighed in on ALLE. Barclays dropped their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Robert W. Baird set a $165.00 target price on shares of Allegion in a report on Wednesday, April 29th. Bank of America reduced their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st.

Insider Activity

In other news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the sale, the senior vice president directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. The trade was a 31.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. boosted its holdings in Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 115 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Allegion by 1,666.7% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Allegion in the 2nd quarter worth about $33,000. Hantz Financial Services Inc. raised its position in shares of Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 68 shares during the last quarter. Finally, Bard Associates Inc. bought a new position in Allegion in the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of ALLE opened at $135.94 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. Allegion has a one year low of $125.00 and a one year high of $183.11. The company has a 50-day simple moving average of $133.26 and a two-hundred day simple moving average of $147.60. The firm has a market capitalization of $11.68 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 2.83 and a beta of 0.85.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). Allegion had a return on equity of 35.41% and a net margin of 15.24%.The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $1.86 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, analysts anticipate that Allegion will post 8.74 EPS for the current fiscal year.

Allegion declared that its Board of Directors has authorized a share buyback plan on Tuesday, April 28th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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.