Allegion (NYSE:ALLE) Director Steven Mizell Sells 400 Shares

Allegion PLC (NYSE:ALLE) Director Steven Mizell sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $163.79, for a total value of $65,516.00. Following the completion of the sale, the director owned 5,915 shares in the company, valued at approximately $968,817.85. This represents a 6.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Steven Mizell also recently made the following trade(s):

• On Thursday, February 19th, Steven Mizell sold 1,000 shares of Allegion stock. The stock was sold at an average price of $161.51, for a total value of $161,510.00.

Allegion Price Performance

ALLE traded up $1.11 during trading on Friday, reaching $162.34. 890,753 shares of the stock were exchanged, compared to its average volume of 927,654. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.11. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 3.49 and a beta of 1.03. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $183.11. The business’s 50 day moving average price is $165.46 and its two-hundred day moving average price is $168.09.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a return on equity of 38.06% and a net margin of 15.83%.The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm earned $1.86 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities research analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. This is a boost from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. Allegion’s payout ratio is currently 29.57%.

Institutional Investors Weigh In On Allegion

Several hedge funds have recently made changes to their positions in the business. Westside Investment Management Inc. increased its stake in Allegion by 100.0% in the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 70 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in Allegion by 255.6% in the 4th 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 period. First Horizon Corp acquired a new position in shares of Allegion during the 3rd quarter valued at about $26,000. Hantz Financial Services Inc. lifted its holdings in shares of Allegion by 120.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 81 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Allegion in the third quarter worth approximately $29,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

ALLE has been the subject of several research reports. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Barclays reduced their price objective on Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Allegion has a consensus rating of “Hold” and a consensus target price of $175.50.

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.