Allegion (NYSE:ALLE) Price Target Lowered to $165.00 at Barclays

Allegion (NYSE:ALLE) had its target price trimmed by Barclays from $176.00 to $165.00 in a report issued on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the scientific and technical instruments company’s stock.

ALLE has been the topic of several other reports. Wells Fargo & Company reduced their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $171.13.

Allegion Stock Down 0.6%

Shares of NYSE ALLE opened at $144.36 on Wednesday. Allegion has a 52-week low of $116.57 and a 52-week 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 business has a fifty day moving average of $158.79 and a two-hundred day moving average of $164.27. The stock has a market cap of $12.44 billion, a PE ratio of 19.40, a PEG ratio of 3.14 and a beta of 1.03.

Allegion (NYSE:ALLE) last posted 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). The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.During the same period in the previous year, the company posted $1.86 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities research analysts expect that Allegion will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a dividend of $0.55 per share. The ex-dividend date was Friday, March 13th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio is presently 29.57%.

Insider Buying and Selling

In related news, Director Steven Mizell sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the transaction, the director directly owned 4,915 shares in the company, valued at $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sue Main acquired 2,000 shares of Allegion stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately $299,220. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Allegion

Institutional investors have recently made changes to their positions in the stock. Westside Investment Management Inc. increased 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 purchasing an additional 70 shares during the last quarter. First Horizon Corp bought a new position in Allegion during the third quarter worth about $26,000. Hantz Financial Services Inc. grew its position 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 buying an additional 81 shares during the period. Pinnacle Bancorp Inc. increased 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 acquiring an additional 115 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Allegion in the 3rd quarter valued at about $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.