Allegion (NYSE:ALLE) SVP Vincent Wenos Sells 1,000 Shares

Allegion PLC (NYSE:ALLE) SVP Vincent Wenos sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $168.25, for a total transaction of $168,250.00. Following the completion of the sale, the senior vice president directly owned 12,096 shares of the company’s stock, valued at approximately $2,035,152. This represents a 7.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Allegion Trading Up 0.5%

NYSE:ALLE traded up $0.85 during trading hours on Friday, hitting $169.55. 225,599 shares of the stock were exchanged, compared to its average volume of 1,058,298. The company has a market capitalization of $14.42 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 3.43 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $140.53 and its two-hundred day moving average is $146.68. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $2.04 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, sell-side analysts anticipate that Allegion PLC will post 8.92 earnings per share for the current fiscal year.

Allegion announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the scientific and technical instruments company to buy up to 3.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALLE. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Barclays reduced their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Robert W. Baird set a $170.00 price objective on Allegion in a report on Friday, July 24th. Morgan Stanley cut their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Allegion has a consensus rating of “Hold” and an average price target of $164.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kingsview Wealth Management LLC bought a new position in shares of Allegion in the fourth quarter valued at approximately $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Allegion by 5.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,501 shares of the scientific and technical instruments company’s stock valued at $29,205,000 after purchasing an additional 9,598 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Allegion by 793.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 45,002 shares of the scientific and technical instruments company’s stock worth $7,165,000 after purchasing an additional 39,964 shares during the period. Thrivent Financial for Lutherans grew its position in Allegion by 50.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 23,115 shares of the scientific and technical instruments company’s stock valued at $3,683,000 after buying an additional 7,776 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings 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 buying an additional 410,346 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.