Allegion PLC (NYSE:ALLE) Receives Consensus Recommendation of “Hold” from Brokerages

Allegion PLC (NYSE:ALLE) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $175.00.

Several research firms have weighed in on ALLE. JPMorgan Chase & Co. dropped their price objective on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Barclays dropped their price target on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th.

Insider Buying and Selling

In other Allegion news, Director Sue Main acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $149.61 per share, with a total value of $299,220.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $299,220. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the sale, the director owned 4,915 shares of the company’s stock, valued at $793,821.65. This trade represents a 16.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Allegion

Several institutional investors and hedge funds have recently modified their holdings of ALLE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Allegion by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company’s stock valued at $1,251,000 after buying an additional 626 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Allegion by 35.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock worth $427,000 after acquiring an additional 854 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Allegion by 44.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company’s stock worth $213,000 after acquiring an additional 499 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Allegion by 13.0% during the 1st quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock valued at $740,000 after acquiring an additional 651 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Allegion by 204.5% during the 1st 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 during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $143.73 on Friday. Allegion has a 12 month low of $116.57 and a 12 month high of $183.11. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The stock has a market cap of $12.38 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 3.13 and a beta of 1.03. The business has a fifty day simple moving average of $162.14 and a 200-day simple moving average of $165.99.

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 for the quarter, missing the consensus estimate of $2.01 by ($0.07). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, sell-side analysts anticipate that Allegion will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio (DPR) is presently 29.57%.

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.