Steven Mizell Sells 400 Shares of Allegion (NYSE:ALLE) Stock

Allegion PLC (NYSE:ALLE) Director Steven Mizell sold 400 shares of Allegion stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $163.79, for a total transaction of $65,516.00. Following the completion of the sale, the director owned 5,915 shares of the company’s stock, valued at $968,817.85. This trade represents a 6.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Steven Mizell also recently made the following trade(s):

• On Thursday, February 19th, Steven Mizell sold 1,000 shares of Allegion stock. The stock was sold at an average price of $161.51, for a total value of $161,510.00.

Allegion Trading Up 0.7%

ALLE opened at $162.34 on Friday. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $183.11. The company has a quick ratio of 1.11, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $165.46 and a 200-day simple moving average of $168.11. The firm has a market cap of $13.98 billion, a P/E ratio of 21.82, a P/E/G ratio of 3.51 and a beta of 1.03.

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

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Allegion’s payout ratio is 27.42%.

Institutional Trading of Allegion

A number of institutional investors have recently bought and sold shares of ALLE. Westside Investment Management Inc. boosted its position in shares of 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 worth $25,000 after acquiring an additional 70 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in Allegion by 255.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 115 shares during the last quarter. First Horizon Corp acquired a new position in Allegion in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its holdings in Allegion by 120.9% in the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Allegion in the third quarter valued at approximately $29,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ALLE shares. Barclays reduced their target price on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Allegion currently has a consensus rating of “Hold” and an average price target of $175.50.

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.