Allegion PLC (NYSE:ALLE) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Allegion has a consensus “Hold” rating from 11 analysts, with eight holds, two buys and one strong buy. The average 12-month price target is $164.75, below the reported share price of $169.01.
• The company exceeded quarterly expectations, reporting adjusted EPS of $2.40 versus the $2.22 consensus and revenue of $1.15 billion, up 12.7% year over year. Analysts expect full-year EPS of approximately $8.93.
• Allegion authorized a $500 million share-repurchase program, covering up to 3.9% of outstanding shares. Institutional investors own 92.21% of the stock, while insiders have sold shares totaling about $1.76 million over the past 90 days.

Allegion PLC (NYSE:ALLE - Get Free Report) has received a consensus rating of "Hold" from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $164.75.

A number of analysts have recently issued reports on the stock. Evercore upgraded shares of Allegion to a "strong-buy" rating in a report on Monday, April 13th. Weiss Ratings upgraded Allegion from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Barclays reduced their target price on Allegion from $165.00 to $161.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 29th. Finally, 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.

Allegion Stock Up 0.0%

Shares of NYSE:ALLE opened at $169.01 on Monday. Allegion has a 52-week low of $125.00 and a 52-week high of $183.11. The stock has a market cap of $14.37 billion, a P/E ratio of 22.18, a PEG ratio of 3.43 and a beta of 0.84. The business has a fifty day moving average of $141.31 and a two-hundred day moving average of $146.70. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data 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 net margin of 15.36% and a return on equity of 35.41%. The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business earned $2.04 earnings per share. Allegion'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. On average, research analysts expect that Allegion will post 8.93 earnings per share for the current year.

Allegion announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 28th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insider Activity at Allegion

In other news, SVP Vincent Wenos sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president directly owned 12,096 shares of the company's stock, valued at approximately $2,035,152. The trade was a 7.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Nickolas A. Musial sold 687 shares of the company's stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction of $106,485.00. Following the completion of the transaction, the chief accounting officer owned 6,798 shares in the company, valued at approximately $1,053,690. This represents a 9.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 11,288 shares of company stock worth $1,764,593. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Allegion

Institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund grew its holdings in Allegion by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company's stock worth $1,563,000 after acquiring an additional 59 shares in the last quarter. Diversify Advisory Services LLC increased its position in shares of Allegion by 2.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company's stock valued at $380,000 after purchasing an additional 60 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Allegion by 4.1% in the 4th quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company's stock valued at $257,000 after purchasing an additional 63 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Allegion by 45.9% during the 4th 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 last quarter. Finally, LRI Investments LLC lifted its position in shares of Allegion by 10.0% during the 4th quarter. LRI Investments LLC now owns 793 shares of the scientific and technical instruments company's stock worth $126,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

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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