Allegion (NYSE:ALLE) Issues Earnings Results

Allegion (NYSE:ALLE) posted its earnings results on Tuesday. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.11, Zacks reports. Allegion had a return on equity of 45.64% and a net margin of 15.36%. Allegion updated its FY 2025 guidance to 7.650-7.850 EPS.

Allegion Stock Performance

Shares of ALLE opened at $125.94 on Wednesday. The stock has a market capitalization of $10.95 billion, a P/E ratio of 19.35, a P/E/G ratio of 3.19 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. Allegion has a 1 year low of $113.27 and a 1 year high of $156.10. The company’s fifty day moving average is $132.14 and its two-hundred day moving average is $137.42.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Allegion’s dividend payout ratio (DPR) is 29.49%.

Insider Transactions at Allegion

In related news, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALLE. Barclays cut their target price on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley initiated coverage on Allegion in a research report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price objective on the stock. Wells Fargo & Company decreased their target price on Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Robert W. Baird upped their price target on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $140.83.

About Allegion

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.