Steven Mizell Sells 1,000 Shares of Allegion (NYSE:ALLE) Stock

Allegion PLC (NYSE:ALLE) Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the transaction, the director directly owned 4,915 shares in the company, valued at $793,821.65. This trade represents a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, February 18th, Steven Mizell sold 400 shares of Allegion stock. The shares were sold at an average price of $163.79, for a total transaction of $65,516.00.

Allegion Price Performance

ALLE stock opened at $162.34 on Friday. The firm has a market cap of $13.98 billion, a P/E ratio of 21.82, a P/E/G ratio of 3.51 and a beta of 1.03. The firm’s fifty day moving average is $165.46 and its 200 day moving average is $168.11. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $183.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.84.

Allegion (NYSE:ALLE) last posted 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 net margin of 15.83% and a return on equity of 38.06%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the company earned $1.86 earnings per share. The business’s quarterly revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Research analysts predict that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio is 27.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ALLE. Westside Investment Management Inc. lifted its position in shares of Allegion by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 70 shares during the period. Pinnacle Bancorp Inc. raised its stake 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 worth $25,000 after buying an additional 115 shares in the last quarter. First Horizon Corp purchased a new stake in Allegion in the third quarter worth about $26,000. Hantz Financial Services Inc. lifted its holdings in Allegion by 120.9% in the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 81 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Allegion during the 3rd quarter valued at approximately $29,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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