Allegion PLC (NYSE:ALLE) Receives Average Recommendation of “Hold” from Analysts

Shares of Allegion PLC (NYSE:ALLE) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $162.50.

ALLE has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Robert W. Baird set a $170.00 target price on Allegion in a research report on Friday, July 24th. Evercore restated an “outperform” rating and set a $180.00 price target on shares of Allegion in a research note on Tuesday, September 22nd. Weiss Ratings upgraded shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Thursday, June 11th.

Allegion Trading Down 0.1%

NYSE:ALLE opened at $154.16 on Tuesday. The firm has a 50-day simple moving average of $158.42 and a 200-day simple moving average of $145.05. Allegion has a one year low of $125.00 and a one year high of $183.11. The firm has a market cap of $13.11 billion, a P/E ratio of 20.23, a P/E/G ratio of 3.14 and a beta of 0.81. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.Allegion’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities analysts anticipate that Allegion will post 8.93 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 15th. Allegion’s dividend payout ratio is 28.87%.

Insider Buying and Selling at Allegion

In related news, SVP Timothy Eckersley sold 6,417 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the sale, the senior vice president owned 29,919 shares in the company, valued at approximately $4,705,061.94. This trade represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vincent Wenos sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $168.25, for a total transaction of $168,250.00. Following the completion of the transaction, the senior vice president owned 12,096 shares of the company’s stock, valued at approximately $2,035,152. This trade represents a 7.64% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 11,288 shares of company stock worth $1,764,593. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Allegion

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Allegion during the fourth quarter worth $131,523,000. Panagora Asset Management Inc. increased its stake in Allegion by 191.8% during the 4th quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after buying an additional 410,346 shares during the period. IFM Investors Pty Ltd boosted its position in Allegion by 2,013.5% in the 1st quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company’s stock valued at $51,612,000 after buying an additional 338,425 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Allegion by 964.6% during the second quarter. Wellington Management Group LLP now owns 356,725 shares of the scientific and technical instruments company’s stock valued at $50,116,000 after acquiring an additional 323,218 shares in the last quarter. Finally, Fiduciary Management Inc. WI lifted its stake in shares of Allegion by 28.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,015,783 shares of the scientific and technical instruments company’s stock worth $161,733,000 after acquiring an additional 227,035 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Allegion

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion’s portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.