Allegion PLC (NYSE:ALLE) Receives $174.25 Consensus PT from Analysts

Shares of Allegion PLC (NYSE:ALLE) have earned an average rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $174.25.

ALLE has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on Allegion in a report on Tuesday, June 24th. They set an “overweight” rating and a $170.00 price target for the company. Mizuho lifted their price target on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Wells Fargo & Company raised their price objective on Allegion from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Morgan Stanley raised their price objective on Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Finally, Zacks Research lowered Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th.

Allegion Stock Performance

Shares of NYSE ALLE opened at $178.00 on Tuesday. The stock has a 50 day moving average price of $173.55 and a 200 day moving average price of $153.63. Allegion has a 52 week low of $116.57 and a 52 week high of $180.34. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. The stock has a market capitalization of $15.28 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 3.83 and a beta of 1.07.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.00 by $0.04. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $999.10 million. During the same period in the prior year, the firm posted $1.96 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Analysts predict that Allegion will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.1%. Allegion’s dividend payout ratio (DPR) is presently 28.33%.

Insider Buying and Selling at Allegion

In other news, SVP Tracy L. Kemp sold 3,849 shares of Allegion stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the transaction, the senior vice president owned 8,773 shares in the company, valued at approximately $1,446,843.16. This trade represents a 30.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Timothy P. Eckersley sold 10,810 shares of Allegion stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the transaction, the senior vice president owned 30,023 shares in the company, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Allegion

A number of hedge funds and other institutional investors have recently bought and sold shares of ALLE. GAMMA Investing LLC grew its position in Allegion by 199.2% during the 1st quarter. GAMMA Investing LLC now owns 1,508 shares of the scientific and technical instruments company’s stock worth $197,000 after acquiring an additional 1,004 shares during the last quarter. SG Americas Securities LLC grew its position in Allegion by 238.6% during the 1st quarter. SG Americas Securities LLC now owns 14,675 shares of the scientific and technical instruments company’s stock worth $1,915,000 after acquiring an additional 10,341 shares during the last quarter. CX Institutional bought a new stake in Allegion during the 1st quarter worth $130,000. NorthCrest Asset Manangement LLC bought a new stake in Allegion during the 1st quarter worth $363,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Allegion by 324.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,969 shares of the scientific and technical instruments company’s stock worth $5,606,000 after buying an additional 32,842 shares during the period. Institutional investors own 92.21% of the company’s stock.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.