Allegion PLC (NYSE:ALLE) Stock Has Average Target Price of $162.50

Key Points

• Analysts remain cautious on Allegion: The stock has a consensus “Hold” rating from nine brokerages, with an average 12-month price target of $162.50 versus a recent price of $155.35.
• Quarterly results exceeded expectations: Allegion reported adjusted earnings of $2.40 per share and revenue of $1.15 billion, beating estimates, while revenue rose 12.7% year over year. Management guided to fiscal 2026 EPS of $8.85–$9.00.
• Dividend and ownership details: The company declared a quarterly dividend of $0.55 per share, representing a 1.4% yield, while institutional investors own 92.21% of shares; insiders sold $1.76 million of stock over the past three months.

Allegion PLC (NYSE:ALLE - Get Free Report) has earned an average rating of "Hold" from the nine brokerages that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $162.50.

Several analysts have issued reports on ALLE shares. JPMorgan Chase & Co. increased their target price on shares of Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Weiss Ratings raised Allegion from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Robert W. Baird set a $170.00 target price on Allegion in a research report on Friday, July 24th. Longbow Research upgraded 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. Finally, Evercore reissued an "outperform" rating and issued a $180.00 price target on shares of Allegion in a report on Tuesday, September 22nd.

Insiders Place Their Bets

In related news, CFO Michael J. Wagnes sold 3,184 shares of the company's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total transaction of $480,720.32. Following the completion of the sale, the chief financial officer directly owned 31,299 shares in the company, valued at $4,725,523.02. This represents a 9.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Nickolas A. Musial sold 687 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the sale, the chief accounting officer owned 6,798 shares of the company's stock, valued at approximately $1,053,690. This trade represents a 9.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,288 shares of company stock valued at $1,764,593 over the last three months. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC purchased a new position in Allegion during the 2nd quarter valued at about $25,000. Elevation Wealth Partners LLC grew its stake in shares of Allegion by 1,666.7% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company's stock worth $30,000 after acquiring an additional 200 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Allegion by 45.9% during the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company's stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Bard Associates Inc. bought a new position in Allegion during the fourth quarter valued at approximately $35,000. Finally, J.Safra Asset Management Corp bought a new position in Allegion during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Trading Up 0.6%

Shares of ALLE opened at $155.35 on Tuesday. The business's 50-day moving average price is $157.77 and its 200-day moving average price is $144.80. Allegion has a twelve month low of $125.00 and a twelve month high of $183.11. The stock has a market cap of $13.21 billion, a PE ratio of 20.39, a P/E/G ratio of 3.14 and a beta of 0.83. 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 announced 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 firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, equities analysts forecast that Allegion will post 8.93 EPS for the current fiscal year.

Allegion Dividend Announcement

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

About Allegion

Allegion plc NYSE: ALLE is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion's brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.

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