Allegion (NYSE:ALLE) Director Steven Mizell Buys 170 Shares

Key Points

• Allegion Director Steven Mizell purchased 170 shares at an average price of $158.28, investing $26,907.60 and increasing his ownership by 2.97% to 5,899 shares.
• Allegion shares recently traded at $156.28, while the company reported quarterly EPS of $2.40 and revenue of $1.15 billion, beating analyst expectations and marking 12.7% year-over-year revenue growth.
• Analysts maintain a consensus “Hold” rating with an average price target of $164.75; institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion PLC (NYSE:ALLE - Get Free Report) Director Steven Mizell acquired 170 shares of Allegion stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of $158.28 per share, with a total value of $26,907.60. Following the acquisition, the director owned 5,899 shares of the company's stock, valued at approximately $933,693.72. This trade represents a 2.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Allegion Stock Performance

Shares of Allegion stock traded down $1.20 on Monday, hitting $156.28. The stock had a trading volume of 587,579 shares, compared to its average volume of 1,060,628. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 3.20 and a beta of 0.84. 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 PLC has a twelve month low of $125.00 and a twelve month high of $183.11. The business's 50 day moving average is $150.69 and its two-hundred day moving average is $146.08.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Longbow Research raised shares of Allegion from a "neutral" rating to a "buy" rating and set a $165.00 target price for the company in a research report on Thursday, June 11th. JPMorgan Chase & Co. raised their price target 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. Weiss Ratings upgraded shares of Allegion from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Morgan Stanley dropped their price objective on shares of Allegion from $165.00 to $142.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 3rd. Finally, Robert W. Baird set a $170.00 price objective on shares of Allegion in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $164.75.

Institutional Investors Weigh In On Allegion

A number of large investors have recently modified their holdings of ALLE. Continuum Advisory LLC bought a new stake in shares of Allegion during the 2nd quarter worth $25,000. Elevation Wealth Partners LLC grew its position in 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 valued at $30,000 after acquiring an additional 200 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Allegion in the second quarter valued at about $33,000. Hantz Financial Services Inc. raised its stake in 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 worth $34,000 after acquiring an additional 68 shares in the last quarter. Finally, Bard Associates Inc. bought a new position in shares of Allegion in the fourth quarter worth about $35,000. 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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