Allegion PLC (NYSE:ALLE – Get Free Report) has been given an average rating of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $160.8889.
ALLE has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. Robert W. Baird set a $165.00 target price on shares of Allegion in a research note on Wednesday, April 29th. Morgan Stanley lowered their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Bank of America lowered their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th.
Get Our Latest Research Report on Allegion
Allegion Price Performance
Allegion (NYSE:ALLE – Get Free Report) last posted its earnings results 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 net margin of 15.24% and a return on equity of 35.41%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business posted $1.86 earnings per share. The business’s quarterly 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. On average, analysts anticipate that Allegion will post 8.73 earnings per share for the current fiscal year.
Allegion announced that its Board of Directors has authorized a share 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 purchase 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.
Allegion Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.55 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. Allegion’s dividend payout ratio (DPR) is presently 30.05%.
Insiders Place Their Bets
In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction on Thursday, May 7th. The shares were 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 directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This represents a 31.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by company insiders.
Institutional Trading of Allegion
Hedge funds have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. lifted its position in Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 115 shares during the period. CYBER HORNET ETFs LLC bought a new position in Allegion in the second quarter worth $33,000. Hantz Financial Services Inc. lifted its position 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 purchasing an additional 68 shares during the period. Bard Associates Inc. bought a new position in Allegion in the fourth quarter worth $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Allegion during the 3rd quarter worth about $36,000. 92.21% of the stock is owned by institutional investors.
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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