Allegion (NYSE:ALLE) Given New $176.00 Price Target at Barclays

Allegion (NYSE:ALLE) had its target price cut by Barclays from $180.00 to $176.00 in a research report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the scientific and technical instruments company’s stock.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $175.00.

Allegion Stock Down 2.2%

Shares of NYSE ALLE opened at $158.60 on Monday. Allegion has a 1 year low of $116.57 and a 1 year high of $183.11. The firm’s 50-day moving average is $165.37 and its 200-day moving average is $168.10. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $13.66 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 3.50 and a beta of 1.03.

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

Allegion Increases Dividend

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

Insiders Place Their Bets

In other Allegion news, Director Steven Mizell sold 1,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the transaction, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This represents a 16.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Allegion

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALLE. Westside Investment Management Inc. increased its position in shares of 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 last quarter. Pinnacle Bancorp Inc. grew its stake in Allegion by 255.6% in the fourth 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 in the last quarter. First Horizon Corp acquired a new position in shares of Allegion during the 3rd quarter worth approximately $26,000. Hantz Financial Services Inc. raised its stake 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 worth $26,000 after purchasing an additional 81 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Allegion in the 3rd quarter valued at approximately $29,000. 92.21% of the stock is currently 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.