Allegion (NYSE:ALLE) CFO Michael Wagnes Sells 3,184 Shares

Allegion PLC (NYSE:ALLE) CFO Michael Wagnes sold 3,184 shares of the company’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total transaction of $480,720.32. Following the completion of the transaction, the chief financial officer directly owned 31,299 shares in the company, valued at $4,725,523.02. The trade was a 9.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Allegion Trading Up 1.8%

Shares of ALLE stock opened at $161.01 on Wednesday. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The firm has a market cap of $13.69 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 3.22 and a beta of 0.85. The company has a 50-day moving average of $136.10 and a two-hundred day moving average of $146.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23.

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

Allegion announced that its Board of Directors has initiated a share repurchase plan on Tuesday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Trading of Allegion

Several hedge funds have recently modified their holdings of ALLE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Allegion by 7.0% during the 1st 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 purchasing an additional 626 shares during the period. NewEdge Advisors LLC grew its position in shares of Allegion by 35.3% during the first quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock worth $427,000 after buying an additional 854 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Allegion by 44.2% during 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 buying an additional 499 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Allegion by 13.0% during the first quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock worth $740,000 after buying an additional 651 shares during the period. Finally, Focus Partners Wealth raised its holdings in 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 acquiring an additional 4,826 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on ALLE. Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th. Wells Fargo & Company dropped their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Bank of America cut their price target 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. Robert W. Baird set a $170.00 price target on shares of Allegion in a research report on Friday. Finally, Barclays lowered their price objective on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $164.75.

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.