Insider Selling: Allegion (NYSE:ALLE) CAO Sells $106,485.00 in Stock

Allegion PLC (NYSE:ALLE) CAO Nickolas Musial sold 687 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Allegion Stock Down 1.0%

Shares of NYSE:ALLE opened at $156.82 on Friday. 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 PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a 50 day moving average of $137.21 and a two-hundred day moving average of $146.62. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 3.22 and a beta of 0.85.

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

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

Analysts Set New Price Targets

ALLE has been the subject of a number of recent analyst reports. Evercore upgraded Allegion to a “strong-buy” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. upped their target price on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Barclays reduced their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Finally, Bank of America cut their price target on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $164.75.

Institutional Trading of Allegion

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kingsview Wealth Management LLC acquired a new stake in shares of Allegion during the 4th quarter valued at approximately $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Allegion by 5.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,501 shares of the scientific and technical instruments company’s stock worth $29,205,000 after purchasing an additional 9,598 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Allegion by 793.3% in the fourth 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 increased its stake 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 purchasing an additional 7,776 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of 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 purchasing an additional 410,346 shares during the period. 92.21% of the stock is owned by institutional investors.

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.