Allegion (NYSE:ALLE) Stock Price Down 6.7% – What’s Next?

Allegion PLC (NYSE:ALLE) traded down 6.7% during trading on Wednesday. The stock traded as low as $148.77 and last traded at $144.8260. Approximately 107,001 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,087,877 shares. The stock had previously closed at $155.20.

Wall Street Analysts Forecast Growth

ALLE has been the topic of several research analyst reports. Evercore reiterated an “outperform” rating and issued a $180.00 target price on shares of Allegion in a research report on Tuesday, September 22nd. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Thursday, June 11th. Weiss Ratings raised shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Robert W. Baird set a $170.00 price objective on Allegion in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Allegion presently has a consensus rating of “Hold” and a consensus target price of $162.50.

Allegion Price Performance

The stock’s 50-day moving average price is $157.87 and its 200 day moving average price is $145.26. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 3.01 and a beta of 0.81. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm posted $2.04 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities research analysts expect that Allegion PLC will post 8.93 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.55 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Allegion’s dividend payout ratio is 28.87%.

Insider Buying and Selling at Allegion

In related news, CAO Nickolas A. Musial sold 687 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction of $106,485.00. Following the completion of the transaction, the chief accounting officer directly owned 6,798 shares of the company’s stock, valued at $1,053,690. The trade was a 9.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Mizell purchased 170 shares of Allegion stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of $158.28 per share, with a total value of $26,907.60. Following the transaction, the director owned 5,899 shares in the company, valued at $933,693.72. The trade was a 2.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,288 shares of company stock worth $1,764,593. Corporate insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB lifted its position in Allegion by 5,141.6% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 11,846 shares of the scientific and technical instruments company’s stock valued at $1,822,000 after purchasing an additional 11,620 shares during the period. Titan Investment Solutions Ltd acquired a new stake in shares of Allegion in the 4th quarter valued at approximately $5,466,000. Panagora Asset Management Inc. boosted its stake in shares of Allegion by 191.8% in the fourth quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock valued at $99,401,000 after buying an additional 410,346 shares in the last quarter. Regents Gate Capital LLP grew its holdings in Allegion by 291.7% during the first quarter. Regents Gate Capital LLP now owns 165,622 shares of the scientific and technical instruments company’s stock worth $24,063,000 after acquiring an additional 123,343 shares during the period. Finally, University of Texas Texas AM Investment Management Co. purchased a new position in Allegion in the fourth quarter worth $2,896,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Company Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion’s portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.