Allegion (NYSE:ALLE) Sets New 52-Week Low - Should You Sell?

Key Points

• New 52-week low: Allegion shares fell to $133.96 (last ~$134.86) after reporting Q1 EPS of $1.80 vs. $1.88 expected, with revenue of ~$1.03B (up 9.7% year-over-year).
• Management set FY2026 guidance of $8.70–$8.90 EPS, authorized a $500M share buyback (≈3.9% of shares) and declared a quarterly dividend of $0.55 (≈1.7% yield).
• Analysts have a consensus rating of Hold with an average target of $164 (versus the current ~ $135), after several price-target cuts though one firm upgraded to "strong-buy"; institutional investors own ~92% of the stock.

Allegion PLC (NYSE:ALLE - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $133.96 and last traded at $134.8550, with a volume of 28400 shares trading hands. The stock had previously closed at $135.49.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Robert W. Baird set a $165.00 price objective on shares of Allegion in a research note on Wednesday, April 29th. Evercore upgraded Allegion to a "strong-buy" rating in a research note on Monday, April 13th. Wells Fargo & Company reduced their price objective on Allegion from $175.00 to $155.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 1st. Bank of America reduced their price objective on Allegion from $185.00 to $157.00 and set a "neutral" rating on the stock in a research note on Monday, April 20th. Finally, Weiss Ratings cut Allegion from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $164.00.

Allegion Price Performance

The company has a 50 day moving average of $147.28 and a 200-day moving average of $159.28. The stock has a market capitalization of $11.38 billion, a P/E ratio of 18.10, a PEG ratio of 2.82 and a beta of 0.89. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97.

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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts predict that Allegion PLC will post 8.73 EPS for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.55 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.20 annualized dividend and a yield of 1.7%. Allegion's dividend payout ratio (DPR) is currently 30.05%.

Allegion announced that its board has authorized a share buyback plan on Tuesday, April 28th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other Allegion news, Director Sue Main bought 2,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the transaction, the director directly owned 2,000 shares in the company, valued at $299,220. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director directly owned 4,915 shares in the company, valued at $793,821.65. The trade was a 16.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Allegion

Institutional investors have recently bought and sold shares of the stock. Westside Investment Management Inc. raised its position in shares of Allegion by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company's stock worth $25,000 after buying an additional 70 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company's stock valued at $25,000 after acquiring an additional 115 shares in the last quarter. First Horizon Corp acquired a new position in shares of Allegion during the third quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its stake in shares of Allegion by 120.9% during the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company's stock valued at $26,000 after acquiring an additional 81 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Allegion during the third quarter worth approximately $29,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Company Profile

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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