Allegion PLC (NYSE:ALLE – Get Free Report) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $161.50.
ALLE has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 price objective (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. Wells Fargo & Company lowered their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Barclays lowered their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Weiss Ratings downgraded Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Finally, Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th.
View Our Latest Stock Analysis on Allegion
Insiders Place Their Bets
Hedge Funds Weigh In On Allegion
A number of institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA raised its position in shares of Allegion by 41.8% during the first quarter. Glenmede Trust Co. NA now owns 2,006 shares of the scientific and technical instruments company’s stock worth $291,000 after purchasing an additional 591 shares during the period. Bank of America Corp DE raised its position in shares of Allegion by 5.5% during the first quarter. Bank of America Corp DE now owns 542,132 shares of the scientific and technical instruments company’s stock worth $78,766,000 after purchasing an additional 28,449 shares during the period. Kentucky Retirement Systems acquired a new position in shares of Allegion during the first quarter worth approximately $1,071,000. Janus Henderson Group PLC raised its position in shares of Allegion by 92.5% during the first quarter. Janus Henderson Group PLC now owns 11,833 shares of the scientific and technical instruments company’s stock worth $1,719,000 after purchasing an additional 5,686 shares during the period. Finally, Bull Harbor Capital LLC acquired a new position in shares of Allegion during the first quarter worth approximately $306,000. 92.21% of the stock is owned by institutional investors and hedge funds.
Allegion Price Performance
Shares of ALLE opened at $130.33 on Wednesday. Allegion has a 1 year low of $125.00 and a 1 year high of $183.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 2.70 and a beta of 0.87. The business has a 50-day moving average of $138.89 and a 200-day moving average of $154.03.
Allegion (NYSE:ALLE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) 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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business earned $1.86 earnings per share. Allegion’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, equities research analysts anticipate that Allegion will post 8.74 earnings per share for the current year.
Allegion Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is presently 30.05%.
Allegion announced that its board has approved a share repurchase program 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 purchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
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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