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

Shares of Allegion PLC (NYSE:ALLE) have been given an average rating of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $170.25.

Several analysts have issued reports on ALLE shares. Zacks Research downgraded shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Barclays raised shares of Allegion from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $156.00 to $163.00 in a research note on Thursday, August 14th. Robert W. Baird raised their price objective on shares of Allegion from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. The Goldman Sachs Group raised their price objective on shares of Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Bank of America raised shares of Allegion from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $175.00 in a research note on Tuesday, July 29th.

Allegion Stock Up 1.2%

Shares of NYSE:ALLE opened at $178.76 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. Allegion has a 12 month low of $116.57 and a 12 month high of $179.92. The company has a 50-day moving average price of $165.75 and a 200 day moving average price of $145.94. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 3.80 and a beta of 1.07.

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

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, September 15th. Allegion’s payout ratio is currently 28.33%.

Insider Activity at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of Allegion stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total transaction 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 approximately $4,946,589.48. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tracy L. Kemp sold 3,849 shares of Allegion stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $164.92, for a total transaction of $634,777.08. Following the sale, the senior vice president directly owned 8,773 shares of the company’s stock, valued at $1,446,843.16. This represents a 30.49% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Institutional Trading of Allegion

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Allegion by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 740,233 shares of the scientific and technical instruments company’s stock valued at $96,571,000 after acquiring an additional 4,942 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Allegion by 324.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,969 shares of the scientific and technical instruments company’s stock valued at $5,606,000 after buying an additional 32,842 shares during the period. Atria Wealth Solutions Inc. increased its holdings in Allegion by 5.6% during the first quarter. Atria Wealth Solutions Inc. now owns 2,924 shares of the scientific and technical instruments company’s stock valued at $381,000 after buying an additional 154 shares during the period. Merit Financial Group LLC increased its holdings in Allegion by 284.1% during the first quarter. Merit Financial Group LLC now owns 8,285 shares of the scientific and technical instruments company’s stock valued at $1,081,000 after buying an additional 6,128 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Allegion by 6.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company’s stock valued at $15,768,000 after buying an additional 7,645 shares during the period. Institutional investors own 92.21% of the company’s stock.

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.