Allegion PLC (NYSE:ALLE) Given Consensus Rating of “Hold” by Analysts

Shares of Allegion PLC (NYSE:ALLE) have been assigned an average rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $160.8889.

Several analysts have recently issued reports on ALLE shares. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday, June 11th. Evercore raised shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Robert W. Baird set a $165.00 price target on shares of Allegion in a research report on Wednesday, April 29th. Finally, Barclays lowered their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th.

Allegion Stock Performance

NYSE ALLE opened at $133.51 on Friday. The company’s 50 day moving average is $135.29 and its 200-day moving average is $150.72. Allegion has a 12-month low of $125.00 and a 12-month high of $183.11. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. The firm has a market cap of $11.47 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.86 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Sell-side analysts predict that Allegion will post 8.73 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. Allegion’s payout ratio is 30.05%.

Allegion announced that its board has initiated a stock repurchase plan on Tuesday, April 28th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total transaction of $547,639.95. Following the sale, the senior vice president owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This represents a 31.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Allegion

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Allegion by 3.8% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171,903 shares of the scientific and technical instruments company’s stock valued at $30,487,000 after buying an additional 6,220 shares during the period. JPMorgan Chase & Co. boosted its position in Allegion by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 942,212 shares of the scientific and technical instruments company’s stock valued at $167,104,000 after buying an additional 67,074 shares during the period. Kingsview Wealth Management LLC purchased a new stake in Allegion during the 4th quarter valued at $2,833,000. Andra AP fonden boosted its position in Allegion by 25.5% during the 3rd quarter. Andra AP fonden now owns 139,400 shares of the scientific and technical instruments company’s stock valued at $24,723,000 after buying an additional 28,319 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in Allegion during the 2nd quarter valued at $208,000. Institutional investors own 92.21% of the company’s stock.

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.