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

Allegion PLC (NYSE:ALLE) has earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $160.8889.

A number of brokerages have weighed in on ALLE. Robert W. Baird set a $165.00 price objective on Allegion in a research note on Wednesday, April 29th. Weiss Ratings lowered Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Barclays cut their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Wells Fargo & Company decreased their price target on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a research report on Friday, May 15th.

Allegion Stock Performance

NYSE:ALLE opened at $140.19 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The firm has a 50-day moving average of $133.79 and a two-hundred day moving average of $146.82. The stock has a market cap of $12.05 billion, a P/E ratio of 19.15, a PEG ratio of 2.85 and a beta of 0.85. Allegion has a 1-year low of $125.00 and a 1-year high of $183.11.

Allegion (NYSE:ALLE) last announced its 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 return on equity of 35.41% and a net margin of 15.24%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, research analysts expect that Allegion will post 8.74 earnings per share for the current fiscal year.

Allegion declared that its board has approved a share buyback plan on Tuesday, April 28th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 3.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This trade represents a 31.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Allegion

Several large investors have recently modified their holdings of the stock. Pinnacle Bancorp Inc. increased its holdings in Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 115 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in Allegion by 1,666.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 200 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Allegion during the 2nd quarter worth approximately $33,000. Hantz Financial Services Inc. grew its position in shares of Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 68 shares in the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of Allegion in the 4th quarter worth approximately $35,000. Institutional investors own 92.21% of the company’s stock.

About Allegion

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.