Allegion (NYSE:ALLE) Director Steven Mizell Purchases 170 Shares

Allegion PLC (NYSE:ALLE) Director Steven Mizell acquired 170 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average price of $158.28 per share, with a total value of $26,907.60. Following the completion of the transaction, the director directly owned 5,899 shares in the company, valued at approximately $933,693.72. The trade was a 2.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Allegion Price Performance

ALLE stock opened at $155.72 on Tuesday. The stock’s 50 day moving average price is $151.20 and its 200 day moving average price is $145.91. The firm has a market cap 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 debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the business posted $2.04 earnings per share. Allegion’s revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, sell-side analysts expect that Allegion PLC will post 8.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ALLE has been the subject of a number of analyst reports. Morgan Stanley cut 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. Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. Robert W. Baird set a $170.00 price target on Allegion in a research note on Friday, July 24th. JPMorgan Chase & Co. raised their price objective on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Weiss Ratings raised Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $164.75.

Hedge Funds Weigh In On Allegion

Several institutional investors and hedge funds have recently bought and sold shares of ALLE. Oregon Public Employees Retirement Fund grew its stake in shares of Allegion by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock valued at $1,563,000 after buying an additional 59 shares during the period. Diversify Advisory Services LLC raised its position in shares of Allegion by 2.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after buying an additional 60 shares during the period. D.A. Davidson & CO. boosted its holdings in Allegion by 4.1% in the fourth quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock valued at $257,000 after acquiring an additional 63 shares during the last quarter. Hantz Financial Services Inc. grew its position in Allegion by 45.9% during the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 68 shares during the period. Finally, LRI Investments LLC increased its stake in Allegion by 10.0% during the fourth quarter. LRI Investments LLC now owns 793 shares of the scientific and technical instruments company’s stock worth $126,000 after acquiring an additional 72 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Company Profile

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.