Allegion PLC (NYSE:ALLE) Stock Has Consensus Price Target of $162.50 According to Brokerages

Shares of Allegion PLC (NYSE:ALLE – Get Free Report) have been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $162.50.

A number of research firms have issued reports on ALLE. JPMorgan Chase & Co. increased their price objective on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. Robert W. Baird set a $170.00 target price on shares of Allegion in a research report on Friday, July 24th. Weiss Ratings upgraded shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Evercore reissued an “outperform” rating and set a $180.00 price target on shares of Allegion in a research report on Tuesday, September 22nd.

View Our Latest Stock Analysis on Allegion

Insider Activity

In other Allegion news, Director Steven Mizell bought 170 shares of the stock in a transaction dated Friday, August 28th. The stock was purchased at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the completion of the acquisition, the director owned 5,899 shares of the company’s stock, valued at approximately $933,693.72. This trade represents a 2.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Vincent Wenos sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was 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 directly owned 12,096 shares in the company, valued at approximately $2,035,152. This represents a 7.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,288 shares of company stock valued at $1,764,593. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allegion

Several hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its position in shares of 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 valued at $34,000 after acquiring an additional 68 shares in the last quarter. Peapack Gladstone Financial Corp raised its stake in Allegion by 2.1% in the 4th quarter. Peapack Gladstone Financial Corp now owns 3,663 shares of the scientific and technical instruments company’s stock valued at $583,000 after purchasing an additional 74 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Allegion by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 3,982 shares of the scientific and technical instruments company’s stock valued at $634,000 after purchasing an additional 100 shares during the last quarter. Wealth Alliance LLC lifted its holdings in Allegion by 4.5% in the 1st quarter. Wealth Alliance LLC now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $384,000 after purchasing an additional 114 shares in the last quarter. Finally, OLD National Bancorp IN boosted its stake in Allegion by 6.2% during the 1st quarter. OLD National Bancorp IN now owns 1,973 shares of the scientific and technical instruments company’s stock worth $287,000 after purchasing an additional 116 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Stock Performance

Allegion stock opened at $153.75 on Tuesday. Allegion has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The stock’s 50 day simple moving average is $158.33 and its two-hundred day simple moving average is $145.10. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 3.14 and a beta of 0.81.

Allegion (NYSE:ALLE – Get Free Report) last announced its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company earned $2.04 EPS. 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, analysts expect that Allegion will post 8.93 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. Allegion’s dividend payout ratio (DPR) is currently 28.87%.

Allegion Company Profile

(Get Free Report)

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion’s portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.

See Also

Analyst Recommendations for Allegion (NYSE:ALLE)

Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.