Recent Analysts’ Ratings Updates for Allegion (ALLE)

Several analysts have recently updated their ratings and price targets for Allegion (NYSE: ALLE):

• 1/23/2025 – Allegion was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/14/2025 – Allegion was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/8/2025 – Allegion had its price target lowered by analysts at Barclays PLC from $137.00 to $134.00. They now have an “underweight” rating on the stock.
• 1/7/2025 – Allegion had its price target lowered by analysts at Wells Fargo & Company from $152.00 to $140.00. They now have an “equal weight” rating on the stock.
• 1/6/2025 – Allegion is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $137.00 price target on the stock.

Allegion Stock Performance

Shares of NYSE ALLE traded down $0.69 during midday trading on Friday, reaching $132.56. The company had a trading volume of 603,817 shares, compared to its average volume of 701,394. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The business’s 50-day simple moving average is $135.39 and its 200 day simple moving average is $136.79. The stock has a market cap of $11.52 billion, a P/E ratio of 20.36, a P/E/G ratio of 3.26 and a beta of 1.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The company had revenue of $967.10 million during the quarter, compared to analysts’ expectations of $970.70 million. During the same period last year, the business earned $1.94 earnings per share. Allegion’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.45%. Allegion’s dividend payout ratio is currently 29.49%.

Insider Buying and Selling at Allegion

In other Allegion news, CEO John H. Stone acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the purchase, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Allegion

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. McClarren Financial Advisors Inc. lifted its holdings in Allegion by 61.0% in the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 72 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Allegion in the third quarter valued at $28,000. Concord Wealth Partners acquired a new position in shares of Allegion in the 3rd quarter valued at $29,000. Cromwell Holdings LLC grew its holdings in shares of Allegion by 65.2% during the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 92 shares during the period. Finally, Kimelman & Baird LLC purchased a new stake in Allegion in the 2nd quarter valued at about $39,000. 92.21% of the stock is owned by institutional investors and hedge funds.

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.