Allegion PLC (NYSE:ALLE) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Seven of 10 analysts rate Allegion shares a hold, while two recommend buying and one gives a strong-buy rating. The average 12-month price target is $164.75, modestly above the reported $155.52 share price.
• Quarterly results exceeded expectations: Allegion reported earnings of $2.40 per share versus the $2.22 consensus estimate, while revenue reached $1.15 billion and increased 12.7% year over year. Analysts expect approximately $8.92 in full-year EPS.
• Shareholders will receive a dividend: The company declared a quarterly dividend of $0.55 per share, or $2.20 annualized, representing a 1.4% yield and a 28.87% payout ratio.

Shares of Allegion PLC (NYSE:ALLE - Get Free Report) have been given an average recommendation of "Hold" by the ten ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $164.75.

Several analysts recently issued reports on the company. Robert W. Baird set a $170.00 target price on Allegion in a research report on Friday, July 24th. Morgan Stanley reduced their price objective on Allegion from $165.00 to $142.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 3rd. Longbow Research raised shares of Allegion from a "neutral" rating to a "buy" rating and set a $165.00 target price on the stock in a research note on Thursday, June 11th. Weiss Ratings raised Allegion from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their target price on shares of Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th.

Allegion Stock Up 0.3%

ALLE opened at $155.52 on Friday. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 3.15 and a beta of 0.83. 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 firm's fifty day moving average is $152.45 and its 200 day moving average is $145.39. Allegion has a fifty-two week low of $125.00 and a fifty-two week high of $183.11.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.18. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.Allegion's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, sell-side analysts forecast that Allegion will post 8.92 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Allegion's dividend payout ratio is presently 28.87%.

Insider Activity at Allegion

In other Allegion news, SVP Timothy P. Eckersley sold 6,417 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the sale, the senior vice president owned 29,919 shares of the company's stock, valued at approximately $4,705,061.94. This trade represents a 17.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nickolas Musial sold 687 shares of the firm's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the sale, the chief accounting officer directly owned 6,798 shares in the company, valued at approximately $1,053,690. The trade was a 9.18% decrease in their position. 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. Insiders have sold 11,288 shares of company stock valued at $1,764,593 over the last 90 days. Insiders own 0.64% of the company's stock.

Institutional Investors Weigh In On Allegion

A number of large investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC boosted its stake in Allegion by 1,667.2% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 4,206 shares of the scientific and technical instruments company's stock worth $591,000 after purchasing an additional 3,968 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Allegion by 13,296.8% in the second quarter. California State Teachers Retirement System now owns 18,430,040 shares of the scientific and technical instruments company's stock worth $2,589,236,000 after acquiring an additional 18,292,470 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Allegion in the second quarter valued at $44,000. HB Wealth Management LLC grew its holdings in Allegion by 53.0% during the second quarter. HB Wealth Management LLC now owns 4,826 shares of the scientific and technical instruments company's stock worth $678,000 after acquiring an additional 1,671 shares during the period. Finally, Saudi Central Bank boosted its holdings in Allegion by 89.9% during the second quarter. Saudi Central Bank now owns 6,030 shares of the scientific and technical instruments company's stock worth $847,000 after buying an additional 2,854 shares in the last quarter. Hedge funds and other institutional investors 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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