Allegion PLC (NYSE:ALLE) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have given Allegion PLC an average rating of "Hold," with six firms rating it as such and two giving it a buy rating, reflecting mixed investor sentiment.
• The company's stock price target has been raised recently, with estimates now averaging $166.75 following updates from multiple analysts, including a target of $175.00 from Robert W. Baird.
• Allegion reported quarterly earnings of $2.04 per share, surpassing estimates and showing a 5.8% increase in revenue year-over-year.

Shares of Allegion PLC (NYSE:ALLE - Get Free Report) have been given an average rating of "Hold" by the eight research firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $166.75.

A number of analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Wells Fargo & Company boosted their price target on shares of Allegion from $150.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on shares of Allegion in a report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price objective for the company. Bank of America raised shares of Allegion from an "underperform" rating to a "neutral" rating and upped their target price for the company from $110.00 to $175.00 in a research note on Tuesday, July 29th. Finally, Robert W. Baird increased their price target on shares of Allegion from $150.00 to $175.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th.

Allegion Stock Performance

ALLE stock traded down $0.53 on Monday, reaching $170.44. 14,146 shares of the company were exchanged, compared to its average volume of 969,324. The stock's fifty day moving average price is $157.68 and its 200 day moving average price is $141.44. Allegion has a 12 month low of $116.57 and a 12 month high of $172.95. 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 firm has a market capitalization of $14.63 billion, a PE ratio of 23.67, a PEG ratio of 3.70 and a beta of 1.05.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $2.00 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $1.96 earnings per share. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, research analysts anticipate that Allegion will post 7.77 EPS for the current fiscal year.

Insider Activity at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the transaction, the senior vice president directly owned 30,023 shares of the company's stock, valued at approximately $4,946,589.48. This represents a 26.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the senior vice president directly owned 8,773 shares in the company, valued at approximately $1,446,843.16. This represents a 30.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Allegion

Institutional investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its holdings in shares of Allegion by 65.1% during the second quarter. Orion Porfolio Solutions LLC now owns 21,683 shares of the scientific and technical instruments company's stock worth $3,125,000 after buying an additional 8,547 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Allegion by 35.0% during the second quarter. Thrivent Financial for Lutherans now owns 23,751 shares of the scientific and technical instruments company's stock valued at $3,422,000 after acquiring an additional 6,161 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Allegion by 50.4% during the second quarter. Neuberger Berman Group LLC now owns 24,427 shares of the scientific and technical instruments company's stock valued at $3,520,000 after acquiring an additional 8,185 shares during the period. BLVD Private Wealth LLC bought a new position in Allegion in the second quarter valued at about $1,095,000. Finally, State of Wyoming increased its position in Allegion by 344.0% in the second quarter. State of Wyoming now owns 6,562 shares of the scientific and technical instruments company's stock worth $946,000 after purchasing an additional 5,084 shares during the period. 92.21% of the stock is owned by 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.