Allegion (NYSE:ALLE) Given New $190.00 Price Target at Robert W. Baird

Key Points

• Robert W. Baird has raised Allegion's price target from $175.00 to $190.00, indicating a potential upside of 6.74% from its current price.
• Allegion has received various ratings, with three analysts assigning a Buy rating and seven issuing a Hold rating, reflecting a consensus target price of $176.13.
• In its recent quarterly earnings report, Allegion reported $2.04 EPS, slightly surpassing estimates and indicating a revenue increase of 5.8% year-over-year.

Allegion (NYSE:ALLE - Get Free Report) had its target price lifted by equities researchers at Robert W. Baird from $175.00 to $190.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the scientific and technical instruments company's stock. Robert W. Baird's target price would indicate a potential upside of 6.74% from the company's current price.

A number of other equities research analysts also recently issued reports on ALLE. Barclays boosted their price objective on shares of Allegion from $163.00 to $185.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. Zacks Research downgraded shares of Allegion from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. The Goldman Sachs Group lifted their target price on shares of Allegion from $176.00 to $198.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Bank of America upgraded shares of Allegion from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $110.00 to $175.00 in a research note on Tuesday, July 29th. Finally, Morgan Stanley lifted their target price on shares of Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Allegion has a consensus rating of "Hold" and a consensus target price of $176.13.

Allegion Trading Up 0.3%

Shares of ALLE stock opened at $178.00 on Tuesday. Allegion has a 1 year low of $116.57 and a 1 year high of $180.34. The firm has a fifty day moving average price of $173.55 and a 200-day moving average price of $153.63. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64. The company has a market cap of $15.28 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 3.83 and a beta of 1.07.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.04. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. During the same quarter in the previous year, the firm posted $1.96 EPS. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. As a group, equities analysts predict that Allegion will post 7.77 earnings per share for the current year.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 3,849 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $164.92, for a total value of $634,777.08. Following the sale, the senior vice president owned 8,773 shares in the company, valued at $1,446,843.16. The trade was a 30.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy P. Eckersley sold 10,810 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the completion of the sale, the senior vice president owned 30,023 shares in the company, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Institutional Trading of Allegion

Several hedge funds have recently made changes to their positions in the business. Huntington National Bank raised its position in shares of Allegion by 7.7% during the 2nd quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company's stock valued at $123,000 after buying an additional 61 shares in the last quarter. HM Payson & Co. raised its position in shares of Allegion by 2.4% during the 3rd quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company's stock valued at $469,000 after buying an additional 63 shares in the last quarter. Aurora Investment Counsel grew its holdings in Allegion by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 12,466 shares of the scientific and technical instruments company's stock valued at $1,797,000 after purchasing an additional 71 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Allegion by 0.9% during the 2nd quarter. Corient Private Wealth LLC now owns 8,243 shares of the scientific and technical instruments company's stock valued at $1,188,000 after purchasing an additional 72 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Allegion by 1.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company's stock valued at $545,000 after purchasing an additional 73 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.

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