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

Allegion PLC (NYSE:ALLE) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven research 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 brokerages that have updated their coverage on the stock in the last year is $176.3750.

Several research firms have recently issued reports on ALLE. Robert W. Baird raised their price target 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. Zacks Research lowered Allegion from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Wells Fargo & Company upped their price target on Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. The Goldman Sachs Group increased their price target on Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Allegion

A number of hedge funds have recently bought and sold shares of 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 worth $142,707,000 after acquiring an additional 885,857 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of 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 second quarter worth approximately $112,433,000. Norges Bank bought a new stake in Allegion in the second quarter worth approximately $109,862,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Allegion by 390.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 593,298 shares of the scientific and technical instruments company’s stock worth $85,506,000 after purchasing an additional 472,435 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

NYSE:ALLE opened at $164.24 on Wednesday. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.23 and a beta of 1.03. Allegion has a fifty-two week low of $116.57 and a fifty-two week high of $180.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.11 and a current ratio of 1.77. The stock has a fifty day moving average price of $169.90 and a 200-day moving average price of $161.01.

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

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.2%. Allegion’s payout ratio is 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.