Allegion PLC (NYSE:ALLE - Get Free Report) Director Steven Mizell purchased 170 shares of Allegion stock in a transaction on Friday, August 28th. The shares were acquired at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the completion of the transaction, the director owned 5,899 shares of the company's stock, valued at $933,693.72. This represents a 2.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Allegion Price Performance
Allegion stock opened at $155.72 on Tuesday. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The firm has a fifty day moving average of $151.20 and a 200-day moving average of $145.91. The firm has a market capitalization of $13.24 billion, a P/E ratio of 20.44, a PEG ratio of 3.20 and a beta of 0.84. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96.
Allegion (NYSE:ALLE - Get Free Report) last posted 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. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business posted $2.04 EPS. The business'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. As a group, analysts predict that Allegion PLC will post 8.92 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on ALLE shares. JPMorgan Chase & Co. upped their target price on Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Weiss Ratings raised Allegion from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 4th. Robert W. Baird set a $170.00 price target on Allegion in a report on Friday, July 24th. Morgan Stanley lowered their price objective on shares of Allegion from $165.00 to $142.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 3rd. 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 research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $164.75.
Read Our Latest Analysis on ALLE
Institutional Trading of Allegion
A number of hedge funds and other institutional investors have recently modified their holdings of ALLE. Continuum Advisory LLC acquired a new position in shares of Allegion in the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Allegion during the 3rd quarter valued at approximately $36,000. Elevation Wealth Partners LLC increased its holdings in Allegion by 1,666.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company's stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Allegion by 45.9% during the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company's stock worth $34,000 after purchasing an additional 68 shares during the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of Allegion in the 4th quarter valued at approximately $35,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
About Allegion
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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.
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