Allegion PLC (NYSE:ALLE) Stock Has Average Target Price of $162.50

Allegion PLC (NYSE:ALLE) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $162.50.

ALLE has been the topic of several analyst reports. Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Thursday, June 11th. Weiss Ratings upgraded Allegion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Evercore reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Allegion in a research note on Tuesday, September 22nd. Finally, Robert W. Baird set a $170.00 price objective on Allegion in a research report on Friday, July 24th.

Insider Activity at Allegion

In other news, Director Steven Mizell purchased 170 shares of the business’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of $158.28 per share, with a total value of $26,907.60. Following the acquisition, the director directly owned 5,899 shares in the company, valued at approximately $933,693.72. The trade was a 2.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Timothy Eckersley sold 6,417 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the completion of the transaction, the senior vice president owned 29,919 shares in the company, valued at $4,705,061.94. The trade was a 17.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,288 shares of company stock worth $1,764,593 over the last ninety days. Insiders own 0.64% of the company’s stock.

Institutional Trading of Allegion

A number of institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in Allegion during the 4th quarter valued at $131,523,000. Panagora Asset Management Inc. lifted its position in shares of Allegion by 191.8% in the 4th quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after purchasing an additional 410,346 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Allegion by 2,013.5% in the 1st quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company’s stock worth $51,612,000 after purchasing an additional 338,425 shares during the period. Wellington Management Group LLP boosted its stake in shares of Allegion by 964.6% during the 2nd quarter. Wellington Management Group LLP now owns 356,725 shares of the scientific and technical instruments company’s stock valued at $50,116,000 after purchasing an additional 323,218 shares in the last quarter. Finally, Fiduciary Management Inc. WI boosted its stake in shares of Allegion by 28.8% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,015,783 shares of the scientific and technical instruments company’s stock valued at $161,733,000 after purchasing an additional 227,035 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Price Performance

ALLE stock opened at $154.12 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. Allegion has a 52 week low of $125.00 and a 52 week high of $183.11. The firm’s fifty day moving average is $158.40 and its 200 day moving average is $144.98. The firm has a market cap of $13.11 billion, a P/E ratio of 20.23, a P/E/G ratio of 3.13 and a beta of 0.81.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Research analysts predict that Allegion will post 8.93 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 15th. Allegion’s payout ratio is presently 28.87%.

About Allegion

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion’s portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.