Allegion PLC (NYSE:ALLE – Free Report) – Zacks Research reduced their Q1 2028 earnings per share (EPS) estimates for shares of Allegion in a research note issued on Friday, September 11th. Zacks Research analyst Team now anticipates that the scientific and technical instruments company will post earnings of $2.23 per share for the quarter, down from their previous estimate of $2.24. The consensus estimate for Allegion’s current full-year earnings is $8.93 per share.
A number of other analysts have also commented on the stock. Weiss Ratings raised shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Thursday, June 11th. Robert W. Baird set a $170.00 price target on Allegion in a research report on Friday, July 24th. Morgan Stanley decreased their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Allegion presently has an average rating of “Hold” and a consensus target price of $164.75.
Allegion Trading Up 1.3%
ALLE opened at $155.31 on Tuesday. The firm has a 50 day simple moving average of $154.47 and a 200 day simple moving average of $144.95. Allegion has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The company has a market cap of $13.21 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 3.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23.
Allegion (NYSE:ALLE – Get Free Report) last released its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $2.04 EPS. The company’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.
Allegion Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.55 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.20 annualized dividend and a yield of 1.4%. Allegion’s dividend payout ratio (DPR) is 28.87%.
Insider Buying and Selling
In related news, SVP Vincent Wenos sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president owned 12,096 shares in the company, valued at $2,035,152. This represents a 7.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Timothy Eckersley sold 6,417 shares of the firm’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $157.26, for a total value of $1,009,137.42. Following the sale, the senior vice president directly owned 29,919 shares in the company, valued at $4,705,061.94. The trade was a 17.66% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 11,288 shares of company stock valued at $1,764,593. 0.64% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALLE. California State Teachers Retirement System grew its holdings in shares of Allegion by 13,296.8% during the second quarter. California State Teachers Retirement System now owns 18,430,040 shares of the scientific and technical instruments company’s stock worth $2,589,236,000 after buying an additional 18,292,470 shares in the last quarter. Norges Bank bought a new stake in Allegion in the 4th quarter valued at approximately $131,523,000. Panagora Asset Management Inc. boosted its position in Allegion by 191.8% during the 4th quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after acquiring an additional 410,346 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Allegion by 2,013.5% during the 1st quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company’s stock worth $51,612,000 after acquiring an additional 338,425 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Allegion by 964.6% during the 2nd quarter. Wellington Management Group LLP now owns 356,725 shares of the scientific and technical instruments company’s stock worth $50,116,000 after acquiring an additional 323,218 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.
Allegion Company Profile
Allegion plc (NYSE:ALLE) is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.
Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion’s brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.
Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.
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