Allegion PLC (NYSE:ALLE) Given Consensus Recommendation of “Hold” by Analysts

Shares of Allegion PLC (NYSE:ALLE) have received an average rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $166.75.

ALLE has been the topic of several recent analyst reports. Robert W. Baird upped their price objective on shares of Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Allegion in a research report on Tuesday, June 24th. They issued an “overweight” rating and a $170.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Allegion from $150.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, July 25th. Morgan Stanley increased their price objective on shares of Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Finally, Mizuho increased their price objective on shares of Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th.

Allegion Trading Up 3.0%

NYSE ALLE opened at $172.2950 on Monday. The firm has a market cap of $14.79 billion, a PE ratio of 23.93, a P/E/G ratio of 3.71 and a beta of 1.05. The firm’s fifty day moving average is $154.89 and its two-hundred day moving average is $140.44. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. Allegion has a one year low of $116.57 and a one year high of $172.67.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Analysts expect that Allegion will post 7.77 earnings per share for the current year.

Insider Buying and Selling at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the sale, the senior vice president owned 30,023 shares of the company’s stock, valued at $4,946,589.48. This represents a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the completion of the sale, the senior vice president directly owned 8,773 shares of the company’s stock, valued at $1,446,843.16. The trade was a 30.49% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Allegion

A number of large investors have recently added to or reduced their stakes in ALLE. AQR Capital Management LLC grew its holdings in Allegion by 380.0% during the 1st quarter. AQR Capital Management LLC now owns 1,118,960 shares of the scientific and technical instruments company’s stock valued at $142,707,000 after purchasing an additional 885,857 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Allegion by 22.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,776,203 shares of the scientific and technical instruments company’s stock valued at $623,104,000 after purchasing an additional 878,796 shares in the last quarter. Berkshire Hathaway Inc acquired a new stake in Allegion during the 2nd quarter valued at $112,433,000. Norges Bank acquired a new stake in Allegion during the 2nd quarter valued at $109,862,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Allegion by 390.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 593,298 shares of the scientific and technical instruments company’s stock valued at $85,506,000 after purchasing an additional 472,435 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.