Insider Selling: Allegion (NYSE:ALLE) SVP Sells $1,009,137.42 in Stock

Allegion PLC (NYSE:ALLE) SVP Timothy Eckersley sold 6,417 shares of Allegion stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $157.26, for a total value of $1,009,137.42. Following the sale, the senior vice president directly owned 29,919 shares of the company’s stock, valued at $4,705,061.94. This trade represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Allegion Stock Performance

NYSE:ALLE traded down $2.80 during midday trading on Wednesday, hitting $158.43. The company’s stock had a trading volume of 1,339,257 shares, compared to its average volume of 1,060,562. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. The firm has a market cap of $13.47 billion, a P/E ratio of 20.79, a P/E/G ratio of 3.22 and a beta of 0.85. The firm’s 50 day moving average is $136.10 and its 200-day moving average is $146.70.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.22 by $0.18. The business 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 business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities analysts anticipate that Allegion PLC will post 8.92 earnings per share for the current fiscal year.

Allegion declared that its board has initiated a stock repurchase plan on Tuesday, April 28th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. JPMorgan Chase & Co. raised their target price on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings cut Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Wells Fargo & Company lowered their price target on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Finally, Bank of America dropped their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $164.75.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ALLE. Pinnacle Bancorp Inc. boosted its holdings in Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 115 shares during the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Allegion by 1,666.7% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 200 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Allegion during the second quarter valued at approximately $33,000. Hantz Financial Services Inc. lifted its position in shares of 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 in the last quarter. Finally, Bard Associates Inc. purchased a new position in shares of Allegion in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.