Allegion PLC (NYSE:ALLE – Get Free Report) SVP Robert Martens sold 3,993 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the sale, the senior vice president owned 8,570 shares of the company’s stock, valued at $1,175,375.50. The trade was a 31.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Allegion Stock Down 0.8%
Shares of NYSE ALLE opened at $131.30 on Wednesday. The stock has a market capitalization of $11.28 billion, a P/E ratio of 17.94, a PEG ratio of 2.75 and a beta of 0.89. Allegion PLC has a one year low of $130.07 and a one year high of $183.11. The firm’s 50 day simple moving average is $144.19 and its two-hundred day simple moving average is $157.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19.
Allegion (NYSE:ALLE – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). Allegion had a return on equity of 35.41% and a net margin of 15.24%.The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, analysts expect that Allegion PLC will post 8.73 EPS for the current fiscal year.
Allegion Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio is presently 30.05%.
Hedge Funds Weigh In On Allegion
Several hedge funds and other institutional investors have recently modified their holdings of the company. Forvis Mazars Wealth Advisors LLC purchased a new stake in Allegion in the third quarter worth $2,838,000. Fusion Capital LLC purchased a new position in Allegion during the 3rd quarter valued at $4,406,000. Massachusetts Financial Services Co. MA increased its position in Allegion by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock valued at $417,991,000 after purchasing an additional 113,821 shares during the period. National Pension Service raised its holdings in Allegion by 449.4% in the 3rd quarter. National Pension Service now owns 7,785 shares of the scientific and technical instruments company’s stock worth $1,381,000 after purchasing an additional 6,368 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Allegion by 3.8% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171,903 shares of the scientific and technical instruments company’s stock worth $30,487,000 after purchasing an additional 6,220 shares during the period. 92.21% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently commented on ALLE shares. Wells Fargo & Company decreased their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Robert W. Baird set a $165.00 price target on Allegion in a research report on Wednesday, April 29th. Barclays decreased their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lowered their price objective on Allegion from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Evercore raised Allegion to a “strong-buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $164.00.
Check Out Our Latest Research Report on ALLE
About Allegion
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.
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