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

Allegion PLC (NYSE:ALLEGet Free Report) SVP Vincent Wenos sold 1,000 shares of the company’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 value of $168,250.00. Following the transaction, the senior vice president directly owned 12,096 shares in the company, valued at approximately $2,035,152. This represents a 7.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Allegion Price Performance

ALLE opened at $169.01 on Friday. The business has a fifty day moving average of $141.31 and a 200 day moving average of $146.83. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. 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 stock has a market cap of $14.37 billion, a P/E ratio of 22.18, a PEG ratio of 3.43 and a beta of 0.84.

Allegion (NYSE:ALLEGet Free Report) 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 business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $2.04 earnings per share. The business’s revenue 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, sell-side analysts anticipate that Allegion PLC will post 8.92 EPS for the current year.

Allegion announced that its board has initiated a stock repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ALLE shares. Evercore raised shares of Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Bank of America dropped their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Robert W. Baird set a $170.00 price objective on Allegion in a report on Friday, July 24th. Barclays decreased their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. One equities research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $164.75.

Get Our Latest Stock Report on Allegion

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALLE. Pinnacle Bancorp Inc. boosted its stake in shares of Allegion by 255.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Allegion during the third quarter valued at approximately $36,000. Elevation Wealth Partners LLC increased its holdings in Allegion by 1,666.7% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 200 shares during the period. Hantz Financial Services Inc. raised its stake in Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 68 shares in the last quarter. Finally, Bard Associates Inc. bought a new position in Allegion in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

About Allegion

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Allegion (NYSE:ALLE)

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