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

Shares of Allegion PLC (NYSE:ALLE) have received an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $176.3750.

ALLE has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Zacks Research lowered shares of Allegion from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Wells Fargo & Company raised their price target on shares of Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Bank of America upgraded shares of Allegion from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $175.00 in a research note on Tuesday, July 29th. Finally, Robert W. Baird raised their target price on shares of Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ALLE. Vanguard Group Inc. boosted its holdings in Allegion by 0.5% in the first quarter. Vanguard Group Inc. now owns 10,767,073 shares of the scientific and technical instruments company’s stock worth $1,404,672,000 after acquiring an additional 48,615 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Allegion by 22.5% in 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 during the last quarter. Boston Partners boosted its stake in Allegion by 0.8% in the 1st quarter. Boston Partners now owns 4,752,391 shares of the scientific and technical instruments company’s stock worth $619,700,000 after purchasing an additional 35,635 shares in the last quarter. State Street Corp boosted its stake in Allegion by 0.8% in the 2nd quarter. State Street Corp now owns 3,971,235 shares of the scientific and technical instruments company’s stock worth $572,336,000 after purchasing an additional 31,322 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Allegion by 15.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company’s stock worth $369,514,000 after purchasing an additional 339,025 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Price Performance

NYSE ALLE opened at $167.29 on Friday. The company has a market cap of $14.39 billion, a PE ratio of 22.64, a P/E/G ratio of 3.23 and a beta of 1.07. The firm’s 50 day moving average price is $173.29 and its 200-day moving average price is $157.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.11 and a current ratio of 1.77. Allegion has a 52-week low of $116.57 and a 52-week high of $180.68.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $2.16 earnings per share. Allegion’s revenue was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Sell-side analysts forecast that Allegion will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, September 15th. Allegion’s dividend payout ratio is currently 27.60%.

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.