Allegion (NYSE:ALLE) SVP Sells $168,250.00 in Stock

Allegion PLC (NYSE:ALLE) SVP Vincent Wenos sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $168.25, for a total value of $168,250.00. Following the completion of the sale, the senior vice president directly owned 12,096 shares in the company, valued at $2,035,152. This trade represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Allegion Stock Up 0.0%

Shares of NYSE ALLE opened at $169.01 on Monday. The company has a market cap of $14.37 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 3.43 and a beta of 0.84. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. Allegion PLC has a 12 month low of $125.00 and a 12 month high of $183.11. The stock has a 50-day moving average price of $141.31 and a two-hundred day moving average price of $146.70.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.18. The company 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 firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, analysts forecast that Allegion PLC will post 8.93 earnings per share for the current fiscal year.

Allegion announced that its board has authorized a share repurchase program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

ALLE has been the topic of several recent research reports. Morgan Stanley cut their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Barclays cut their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings upgraded Allegion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Bank of America cut their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. Finally, Robert W. Baird set a $170.00 price objective on Allegion in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Allegion presently has an average rating of “Hold” and an average price target of $164.75.

Institutional Investors Weigh In On Allegion

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. grew its stake in shares of Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 115 shares during the period. Elevation Wealth Partners LLC raised its stake in Allegion by 1,666.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 200 shares during the period. CYBER HORNET ETFs LLC bought a new position in Allegion in the second quarter worth approximately $33,000. Hantz Financial Services Inc. grew its stake in Allegion by 45.9% in 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 acquiring an additional 68 shares during the period. Finally, Bard Associates Inc. acquired a new stake in Allegion in the fourth quarter valued at approximately $35,000. 92.21% of the stock is owned by institutional investors.

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.