Allegion (NYSE:ALLE) CAO Nickolas Musial Sells 687 Shares of Stock

Allegion PLC (NYSE:ALLE) CAO Nickolas Musial sold 687 shares of Allegion stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the sale, the chief accounting officer directly owned 6,798 shares in the company, valued at $1,053,690. This represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Allegion Stock Up 1.8%

NYSE ALLE opened at $161.01 on Wednesday. The business has a fifty day moving average price of $136.10 and a 200 day moving average price of $146.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The company has a market cap of $13.69 billion, a P/E ratio of 21.13, a P/E/G ratio of 3.22 and a beta of 0.85. Allegion PLC has a one year low of $125.00 and a one year high of $183.11.

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

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

Analyst Ratings Changes

A number of research firms have recently issued reports on ALLE. Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Thursday, June 11th. Wells Fargo & Company lowered their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th. Robert W. Baird set a $170.00 target price on Allegion in a research note on Friday. Finally, Weiss Ratings lowered Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Allegion presently has an average rating of “Hold” and an average target price of $164.75.

Hedge Funds Weigh In On Allegion

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Allegion by 7.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company’s stock worth $1,251,000 after purchasing an additional 626 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Allegion by 35.3% in the first quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock valued at $427,000 after purchasing an additional 854 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Allegion by 44.2% in the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company’s stock valued at $213,000 after purchasing an additional 499 shares in the last quarter. Empowered Funds LLC increased its stake in Allegion by 13.0% during the 1st quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock worth $740,000 after buying an additional 651 shares during the period. Finally, Focus Partners Wealth increased its stake in Allegion by 204.5% during the 1st quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company’s stock worth $937,000 after buying an additional 4,826 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Company Profile

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.