Allegion (NYSE:ALLE) Reaches New 52-Week Low – Time to Sell?

Allegion PLC (NYSE:ALLE)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $125.55 and last traded at $127.8260, with a volume of 36775 shares traded. The stock had previously closed at $131.14.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALLE shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. Robert W. Baird set a $165.00 price target on Allegion in a research note on Wednesday, April 29th. Weiss Ratings lowered Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Bank of America lowered their price target on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Evercore raised Allegion to a “strong-buy” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Allegion presently has a consensus rating of “Hold” and a consensus price target of $161.50.

Allegion Price Performance

The stock has a 50 day simple moving average of $141.42 and a two-hundred day simple moving average of $156.00. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 2.67 and a beta of 0.89. 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 (NYSE:ALLE) last released its quarterly earnings data 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). The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities research analysts predict that Allegion PLC will post 8.73 earnings per share for the current fiscal year.

Allegion Dividend Announcement

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

Allegion declared that its Board of Directors has approved a stock buyback 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 generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, Director Steven Mizell sold 1,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the transaction, the director owned 4,915 shares of the company’s stock, valued at $793,821.65. This represents a 16.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares in the company, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Allegion

Several institutional investors and hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Allegion by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock valued at $1,563,000 after buying an additional 59 shares during the period. Diversify Advisory Services LLC increased its holdings in Allegion by 2.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after purchasing an additional 60 shares during the period. D.A. Davidson & CO. increased its holdings in Allegion by 4.1% during the 4th quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock worth $257,000 after purchasing an additional 63 shares during the period. Banque de Luxembourg S.A. increased its holdings in Allegion by 0.3% during the 4th quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock worth $3,550,000 after purchasing an additional 65 shares during the period. Finally, Syon Capital LLC increased its holdings in Allegion by 3.3% during the 3rd quarter. Syon Capital LLC now owns 2,085 shares of the scientific and technical instruments company’s stock worth $370,000 after purchasing an additional 67 shares during the period. Hedge funds and other 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.