Zacks Research Has Bullish Estimate for Allegion Q1 Earnings

Allegion PLC (NYSE:ALLE) – Equities researchers at Zacks Research boosted their Q1 2027 earnings per share (EPS) estimates for shares of Allegion in a report issued on Wednesday, February 11th. Zacks Research analyst Team now expects that the scientific and technical instruments company will post earnings per share of $1.95 for the quarter, up from their previous forecast of $1.94. The consensus estimate for Allegion’s current full-year earnings is $7.77 per share. Zacks Research also issued estimates for Allegion’s FY2027 earnings at $8.83 EPS.

A number of other research analysts have also commented on ALLE. Barclays decreased their price target on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a research note on Tuesday, December 16th. Finally, Robert W. Baird raised their price objective on Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, October 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.com, the company presently has an average rating of “Hold” and an average target price of $174.25.

Allegion Price Performance

Shares of ALLE opened at $179.42 on Thursday. The company’s 50-day moving average is $164.18 and its 200-day moving average is $167.89. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11. The firm has a market capitalization of $15.44 billion, a PE ratio of 24.28, a PEG ratio of 3.27 and a beta of 1.03. Allegion has a fifty-two week low of $116.57 and a fifty-two week high of $180.68.

Institutional Trading of Allegion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Forvis Mazars Wealth Advisors LLC bought a new stake in shares of Allegion in the 3rd quarter worth $2,838,000. Burney Co. bought a new stake in Allegion during the third quarter valued at $9,297,000. Berkshire Hathaway Inc bought a new stake in Allegion during the second quarter worth about $112,433,000. Massachusetts Financial Services Co. MA raised its position in Allegion by 5.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock worth $417,991,000 after purchasing an additional 113,821 shares during the period. Finally, Fusion Capital LLC bought a new position in shares of Allegion in the third quarter worth approximately $4,406,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.55 dividend. This is a boost from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.2%. Allegion’s dividend payout ratio is presently 29.77%.

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.