Key Points
- Allegion SVP Vincent Wenos sold 1,000 shares at an average price of $168.25, generating $168,250. He retained 12,096 shares valued at approximately $2.04 million.
- Allegion reported quarterly EPS of $2.40, beating estimates of $2.22, while revenue rose 12.7% year over year to $1.15 billion. The company guided to fiscal 2026 EPS of $8.85–$9.00.
- The company authorized a $500 million share-repurchase program, while analysts maintain a consensus “Hold” rating and an average price target of $164.75.
Allegion PLC (NYSE:ALLE - Get Free Report) 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 sale, the senior vice president directly owned 12,096 shares in the company, valued at approximately $2,035,152. The trade was a 7.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Allegion Price Performance
ALLE opened at $169.01 on Friday. The business's 50-day moving average is $141.31 and its two-hundred day moving average is $146.83. Allegion PLC has a 1 year low of $125.00 and a 1 year 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 capitalization of $14.37 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 3.43 and a beta of 0.84.
Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results 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. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $2.04 earnings per share. The company'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 earnings per share for the current fiscal year.
Allegion declared that its Board of Directors has initiated a share repurchase program 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 programs are often an indication that the company's leadership believes its shares are undervalued.
Hedge Funds Weigh In On Allegion
Several hedge funds have recently modified their holdings of ALLE. J.Safra Asset Management Corp acquired a new stake in Allegion in the 2nd quarter worth approximately $42,000. Stoneridge Investment Partners LLC purchased a new stake in Allegion during the 2nd quarter worth approximately $664,000. Handelsbanken Fonder AB increased its stake in Allegion by 43.0% during the 2nd quarter. Handelsbanken Fonder AB now owns 38,900 shares of the scientific and technical instruments company's stock valued at $5,465,000 after purchasing an additional 11,700 shares in the last quarter. Franklin Street Advisors Inc. NC raised its holdings in shares of Allegion by 16.2% in the second quarter. Franklin Street Advisors Inc. NC now owns 2,384 shares of the scientific and technical instruments company's stock worth $335,000 after buying an additional 332 shares during the last quarter. Finally, Crumly & Associates Inc. raised its holdings in shares of Allegion by 20.8% in the second quarter. Crumly & Associates Inc. now owns 2,580 shares of the scientific and technical instruments company's stock worth $362,000 after buying an additional 444 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Analysts Set New Price Targets
ALLE has been the subject of a number of analyst reports. Barclays decreased 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 report on Wednesday, April 29th. Longbow Research raised Allegion from a "neutral" rating to a "buy" rating and set a $165.00 price target on the stock in a research report on Thursday, June 11th. Evercore raised Allegion to a "strong-buy" rating in a research report on Monday, April 13th. Weiss Ratings upgraded Allegion from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. Finally, Morgan Stanley lowered their price objective on Allegion from $165.00 to $142.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 3rd. 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 stock. Based on data from MarketBeat.com, Allegion has a consensus rating of "Hold" and a consensus target price of $164.75.
Check Out Our Latest Stock Analysis 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.
Further Reading
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