Key Points
- Allegion CFO Michael Wagnes sold 3,184 shares for approximately $480,720 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct stake by 9.23% to 31,299 shares.
- Allegion reported quarterly EPS of $2.40, exceeding estimates by $0.18, while revenue rose 12.7% year over year to $1.15 billion. The company issued fiscal 2026 EPS guidance of $8.85–$9.00.
- The board authorized a $500 million stock repurchase program, while analysts maintained a generally cautious outlook: the consensus rating is “Hold” with an average price target of $164.75.
Allegion PLC (NYSE:ALLE - Get Free Report) CAO Nickolas Musial sold 687 shares of Allegion stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the transaction, the chief accounting officer owned 6,798 shares of the company's stock, valued at approximately $1,053,690. This trade represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Allegion Price Performance
Shares of NYSE ALLE opened at $161.01 on Wednesday. The stock's 50-day moving average is $136.10 and its two-hundred day moving average is $146.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 3.22 and a beta of 0.85.
Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) 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 analyst estimates of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.Allegion's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Analysts forecast that Allegion PLC will post 8.92 EPS for the current fiscal year.
Allegion announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.
Hedge Funds Weigh In On Allegion
A number of institutional investors have recently modified their holdings of ALLE. Kingsview Wealth Management LLC acquired a new stake in shares of Allegion during the fourth quarter worth about $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Allegion by 5.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,501 shares of the scientific and technical instruments company's stock valued at $29,205,000 after acquiring an additional 9,598 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Allegion by 793.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 45,002 shares of the scientific and technical instruments company's stock valued at $7,165,000 after acquiring an additional 39,964 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Allegion by 50.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 23,115 shares of the scientific and technical instruments company's stock valued at $3,683,000 after acquiring an additional 7,776 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in Allegion by 191.8% during the 4th quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company's stock worth $99,401,000 after acquiring an additional 410,346 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Bank of America dropped their price objective on shares of Allegion from $185.00 to $157.00 and set a "neutral" rating on the stock in a research report on Monday, April 20th. Barclays lowered their target price on shares of Allegion from $165.00 to $161.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company dropped their target price on Allegion from $175.00 to $155.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 1st. JPMorgan Chase & Co. raised their price target on Allegion from $150.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Finally, Longbow Research raised Allegion from a "neutral" rating to a "buy" rating and set a $165.00 price objective for the company in a research report on Thursday, June 11th. One equities research 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 stock. According to MarketBeat, Allegion has a consensus rating of "Hold" and an average target price of $164.75.
Check Out Our Latest Stock Report on ALLE
About Allegion
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
