Allegion PLC (NYSE:ALLE) Given Consensus Rating of “Hold” by Brokerages

Shares of Allegion PLC (NYSE:ALLE) have earned an average rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $171.1250.

A number of brokerages have recently weighed in on ALLE. JPMorgan Chase & Co. reduced their price objective on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Wells Fargo & Company reduced their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Finally, Barclays reduced their price objective on shares of Allegion from $176.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st.

Insiders Place Their Bets

In other news, Director Sue Main acquired 2,000 shares of Allegion stock in a transaction dated 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 $299,220. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction on 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 sale, the director owned 4,915 shares of the company’s stock, valued at $793,821.65. The trade was a 16.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.23% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allegion

A number of institutional investors and hedge funds have recently bought and sold shares of ALLE. Norges Bank bought a new position in Allegion during the fourth quarter worth $131,523,000. Berkshire Hathaway Inc bought a new position in Allegion during the second quarter worth $112,433,000. Panagora Asset Management Inc. increased its position in Allegion by 191.8% during the fourth quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after acquiring an additional 410,346 shares during the period. Franklin Resources Inc. increased its position in Allegion by 163.9% during the fourth quarter. Franklin Resources Inc. now owns 529,243 shares of the scientific and technical instruments company’s stock worth $84,266,000 after acquiring an additional 328,701 shares during the period. Finally, Millennium Management LLC increased its position in Allegion by 817.1% during the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock worth $54,700,000 after acquiring an additional 274,800 shares during the period. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

NYSE ALLE opened at $140.16 on Tuesday. 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 stock has a market capitalization of $12.07 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. The company has a 50 day moving average price of $157.22 and a two-hundred day moving average price of $163.41. Allegion has a 12-month low of $116.57 and a 12-month high of $183.11.

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

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a $0.55 dividend. The ex-dividend date was 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 1.6%. Allegion’s dividend payout ratio is presently 29.57%.

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.