Zacks Research Forecasts Stronger Earnings for Allegion

Allegion plc (NYSE:ALLE) – Equities research analysts at Zacks Research upped their FY2024 earnings per share estimates for Allegion in a research note issued on Thursday, February 6th. Zacks Research analyst R. Department now anticipates that the scientific and technical instruments company will post earnings per share of $7.38 for the year, up from their previous forecast of $7.36. The consensus estimate for Allegion’s current full-year earnings is $7.41 per share. Zacks Research also issued estimates for Allegion’s Q4 2024 earnings at $1.71 EPS, Q2 2025 earnings at $1.84 EPS, Q3 2025 earnings at $2.03 EPS, FY2025 earnings at $7.56 EPS, Q2 2026 earnings at $1.88 EPS, Q3 2026 earnings at $1.98 EPS and FY2026 earnings at $7.40 EPS.

ALLE has been the subject of a number of other research reports. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Robert W. Baird upped their price objective on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays dropped their target price on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Morgan Stanley assumed coverage on shares of Allegion in a research report on Monday, January 6th. They set an “equal weight” rating and a $137.00 target price for the company. Finally, Mizuho raised their price target on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $140.83.

Allegion Stock Performance

Shares of NYSE ALLE opened at $130.53 on Monday. The business’s 50-day simple moving average is $133.15 and its 200-day simple moving average is $137.57. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. Allegion has a 52 week low of $113.27 and a 52 week high of $156.10. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 3.19 and a beta of 1.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALLE. McClarren Financial Advisors Inc. raised its holdings in Allegion by 61.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. TD Private Client Wealth LLC increased its position in shares of Allegion by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock worth $2,871,000 after purchasing an additional 77 shares during the period. OneDigital Investment Advisors LLC raised its stake in Allegion by 2.9% in the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 82 shares in the last quarter. Heritage Family Offices LLP lifted its position in Allegion by 3.2% during the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 82 shares during the period. Finally, IFP Advisors Inc grew its stake in Allegion by 23.2% during the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock worth $59,000 after buying an additional 85 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Activity at Allegion

In other Allegion news, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. Allegion’s dividend payout ratio (DPR) is 31.34%.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.