Allegion (NYSE:ALLE) Director Sells $161,510.00 in Stock

Allegion PLC (NYSE:ALLE) Director Steven Mizell sold 1,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the sale, the director owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Steven Mizell also recently made the following trade(s):

• On Wednesday, February 18th, Steven Mizell sold 400 shares of Allegion stock. The stock was sold at an average price of $163.79, for a total value of $65,516.00.

Allegion Stock Performance

ALLE opened at $162.34 on Monday. The company has a market cap of $13.98 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The firm’s 50-day moving average price is $165.46 and its 200-day moving average price is $168.13. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $183.11.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a return on equity of 38.06% and a net margin of 15.83%.The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities analysts anticipate that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given 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 is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s payout ratio is currently 27.42%.

Analysts Set New Price Targets

A number of analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Barclays decreased their target price on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Finally, Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research note on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $175.50.

Institutional Trading of Allegion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Westside Investment Management Inc. lifted its holdings in Allegion by 100.0% in the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 70 shares during the period. First Horizon Corp purchased a new position in shares of Allegion during the 3rd quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its holdings in shares of Allegion by 120.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in shares of Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in Allegion during the third quarter worth $29,000. 92.21% of the stock is owned by institutional investors and hedge funds.

About Allegion

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.