Allegion (NYSE:ALLE) Shares Down 6.7% – Should You Sell?

Allegion PLC (NYSE:ALLE)’s share price dropped 6.7% during mid-day trading on Wednesday. The company traded as low as $148.77 and last traded at $144.8260. Approximately 107,001 shares traded hands during trading, a decline of 90% from the average daily volume of 1,087,877 shares. The stock had previously closed at $155.20.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ALLE shares. Evercore reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Allegion in a report on Tuesday, September 22nd. JPMorgan Chase & Co. upped their price target on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Robert W. Baird set a $170.00 target price on Allegion in a research note on Friday, July 24th. Weiss Ratings upgraded shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $162.50.

Allegion Trading Down 5.0%

The company has a market cap of $12.54 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 3.13 and a beta of 0.81. 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 business’s 50 day moving average price is $158.21 and its 200-day moving average price is $145.17.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share 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 analyst estimates of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, research analysts forecast that Allegion PLC will post 8.92 EPS for the current year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Allegion’s payout ratio is presently 28.87%.

Insider Buying and Selling

In related news, Director Steven Mizell acquired 170 shares of the stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the purchase, the director owned 5,899 shares in the company, valued at approximately $933,693.72. This trade represents a 2.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nickolas Musial sold 687 shares of the firm’s 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 transaction, the chief accounting officer owned 6,798 shares of the company’s stock, valued at $1,053,690. This trade represents a 9.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 11,288 shares of company stock worth $1,764,593. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Allegion

Several institutional investors and hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC bought a new stake in shares of Allegion in the 2nd quarter worth about $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of Allegion by 1,666.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Bard Associates Inc. bought a new stake in Allegion during the 4th quarter worth approximately $35,000. J.Safra Asset Management Corp acquired a new stake in Allegion during the 2nd quarter valued at $42,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Allegion during the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Company Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion’s portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.