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

Allegion PLC (NYSE:ALLE) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $160.8889.

Several brokerages have commented on ALLE. Bank of America dropped their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Weiss Ratings cut shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Barclays reduced their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Robert W. Baird set a $165.00 price target on shares of Allegion in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a research report on Friday, May 15th.

Insider Buying and Selling

In related news, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This represents a 31.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALLE. Norges Bank purchased a new position in Allegion in the 4th quarter worth approximately $131,523,000. Panagora Asset Management Inc. lifted its holdings in Allegion by 191.8% during the 4th quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after buying an additional 410,346 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Allegion by 2,013.5% during the 1st quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company’s stock worth $51,612,000 after buying an additional 338,425 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Allegion by 163.9% in the 4th quarter. Franklin Resources Inc. now owns 529,243 shares of the scientific and technical instruments company’s stock valued at $84,266,000 after buying an additional 328,701 shares during the period. Finally, Millennium Management LLC increased its stake in Allegion by 817.1% in the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock valued at $54,700,000 after purchasing an additional 274,800 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Stock Performance

Shares of NYSE ALLE opened at $139.94 on Friday. The company’s fifty day moving average price is $134.18 and its 200 day moving average price is $149.72. Allegion has a 1 year low of $125.00 and a 1 year high of $183.11. The company has a market capitalization of $12.03 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.91 and a beta of 0.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $1.86 earnings per share. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts predict that Allegion will post 8.73 earnings per share for the current year.

Allegion declared that its board has approved a stock buyback plan on Tuesday, April 28th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio is 30.05%.

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.