Recent Investment Analysts’ Ratings Changes for Allegion (ALLE)

Several brokerages have updated their recommendations and price targets on shares of Allegion (NYSE: ALLE) in the last few weeks:

• 2/25/2025 – Allegion was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 2/19/2025 – Allegion had its price target lowered by analysts at Barclays PLC from $134.00 to $130.00. They now have an “underweight” rating on the stock.
• 2/19/2025 – Allegion had its price target lowered by analysts at Robert W. Baird from $152.00 to $144.00. They now have a “neutral” rating on the stock.
• 2/19/2025 – Allegion had its price target raised by analysts at Morgan Stanley from $137.00 to $139.00. They now have an “equal weight” rating on the stock.
• 2/19/2025 – Allegion had its price target lowered by analysts at Wells Fargo & Company from $140.00 to $135.00. They now have an “equal weight” rating on the stock.
• 2/14/2025 – Allegion was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 2/6/2025 – Allegion was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 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 Price Performance

Shares of ALLE traded up $0.54 during midday trading on Thursday, hitting $127.02. 280,414 shares of the company traded hands, compared to its average volume of 887,538. The stock has a 50-day moving average of $130.14 and a 200-day moving average of $137.18. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The firm has a market cap of $10.96 billion, a P/E ratio of 18.62, a PEG ratio of 3.97 and a beta of 1.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11. The firm had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. As a group, sell-side analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business 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 annualized dividend and a dividend yield of 1.61%. This is a boost 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 is 29.91%.

Insider Buying and Selling

In other news, Director Gregg C. Sengstack bought 8,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the purchase, the director now directly owns 8,000 shares in the company, valued at $1,001,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Nickolas A. Musial sold 403 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the sale, the chief accounting officer now directly owns 4,972 shares of the company’s stock, valued at approximately $620,008.40. This represents a 7.50 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Institutional Trading of Allegion

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Allegion during the fourth quarter valued at approximately $25,843,000. Azzad Asset Management Inc. ADV boosted its stake in shares of Allegion by 3.4% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 26,213 shares of the scientific and technical instruments company’s stock valued at $3,426,000 after purchasing an additional 852 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Allegion during the fourth quarter valued at approximately $1,329,000. Mackenzie Financial Corp boosted its stake in shares of Allegion by 270.6% during the fourth quarter. Mackenzie Financial Corp now owns 10,346 shares of the scientific and technical instruments company’s stock valued at $1,352,000 after purchasing an additional 7,554 shares during the period. Finally, Amiral Gestion purchased a new stake in shares of Allegion during the fourth quarter valued at approximately $2,125,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.