Insider Selling: Allegion (NYSE:ALLE) CAO Sells $106,485.00 in Stock

Allegion PLC (NYSE:ALLE) CAO Nickolas Musial sold 687 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction of $106,485.00. Following the completion of the transaction, the chief accounting officer owned 6,798 shares of the company’s stock, valued at approximately $1,053,690. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Allegion Stock Up 2.3%

Shares of Allegion stock traded up $3.62 during midday trading on Tuesday, hitting $161.75. The company’s stock had a trading volume of 460,604 shares, compared to its average volume of 1,048,961. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The stock has a 50-day simple moving average of $135.40 and a 200-day simple moving average of $146.69. The firm has a market capitalization of $13.90 billion, a P/E ratio of 21.22, a PEG ratio of 3.12 and a beta of 0.85.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm earned $2.04 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, sell-side analysts expect that Allegion PLC will post 8.92 earnings per share for the current year.

Allegion announced that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird set a $170.00 price target on Allegion in a research note on Friday. 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 note on Monday, April 20th. Evercore upgraded shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Allegion currently has a consensus rating of “Hold” and a consensus price target of $164.75.

Hedge Funds Weigh In On Allegion

A number of hedge funds and other institutional investors have recently made changes to their positions in ALLE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Allegion by 7.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company’s stock worth $1,251,000 after acquiring an additional 626 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Allegion by 35.3% in the first quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock valued at $427,000 after purchasing an additional 854 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Allegion by 44.2% in the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company’s stock worth $213,000 after purchasing an additional 499 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Allegion by 13.0% in the 1st quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock valued at $740,000 after acquiring an additional 651 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Allegion by 204.5% in the first quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company’s stock valued at $937,000 after buying an additional 4,826 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

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.