Insider Selling: Allegion (NYSE:ALLE) Director Sells $65,516.00 in Stock

Allegion PLC (NYSE:ALLE) Director Steven Mizell sold 400 shares of Allegion stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $163.79, for a total value of $65,516.00. Following the completion of the sale, the director owned 5,915 shares of the company’s stock, valued at $968,817.85. The trade was a 6.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, February 19th, Steven Mizell sold 1,000 shares of Allegion stock. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00.

Allegion Trading Up 0.7%

NYSE ALLE opened at $162.34 on Monday. Allegion PLC has a one year low of $116.57 and a one year high of $183.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.84. The company has a market capitalization of $13.98 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03. The company’s 50-day simple moving average is $165.46 and its two-hundred day simple moving average is $168.13.

Allegion (NYSE:ALLE) last announced its quarterly 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). The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.Allegion’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities analysts forecast that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.55 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio (DPR) is 27.42%.

Hedge Funds Weigh In On Allegion

Hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in Allegion by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock worth $1,563,000 after purchasing an additional 59 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Allegion by 16.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock valued at $75,000 after buying an additional 60 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of Allegion by 2.7% during the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock valued at $380,000 after buying an additional 60 shares during the last quarter. Huntington National Bank increased its position in shares of Allegion by 7.7% in the 2nd quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock valued at $123,000 after acquiring an additional 61 shares during the period. Finally, HM Payson & Co. raised its stake in Allegion by 2.4% in the 3rd quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock worth $469,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price target on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Barclays lowered their price target on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 7th. Finally, Wells Fargo & Company reiterated 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 issued a Hold rating to the company’s stock. According to MarketBeat, Allegion has a consensus rating of “Hold” and a consensus target price of $175.50.

Allegion Company Profile

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.