Allegion PLC (ALLE) to Issue Quarterly Dividend of $0.55 on June 30th

Allegion PLC (NYSE:ALLE) declared a quarterly dividend on Wednesday, April 15th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.55 per share by the scientific and technical instruments company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, June 15th.

Allegion has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Allegion has a payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Allegion to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 27.6%.

Allegion Stock Performance

Shares of Allegion stock opened at $141.57 on Friday. The firm’s fifty day simple moving average is $153.39 and its 200-day simple moving average is $161.79. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 3.06 and a beta of 1.02. Allegion has a 12 month low of $122.14 and a 12 month high of $183.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.04 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities analysts forecast that Allegion will post 7.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ALLE shares. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Evercore raised Allegion to a “strong-buy” rating in a research report on Monday. Wells Fargo & Company lowered their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. cut their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Barclays dropped their price objective on shares of Allegion from $176.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $171.13.

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.