Zacks Research Estimates Allegion’s Q1 Earnings (NYSE:ALLE)

Allegion PLC (NYSE:ALLE) – Investment analysts at Zacks Research increased their Q1 2027 earnings estimates for Allegion in a report issued on Tuesday, June 23rd. Zacks Research analyst Team now expects that the scientific and technical instruments company will earn $2.02 per share for the quarter, up from their prior estimate of $2.01. The consensus estimate for Allegion’s current full-year earnings is $8.73 per share. Zacks Research also issued estimates for Allegion’s Q3 2027 earnings at $2.50 EPS, FY2027 earnings at $9.22 EPS and FY2028 earnings at $10.03 EPS.

Allegion (NYSE:ALLE) last issued its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $1.86 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS.

A number of other brokerages have also weighed in on ALLE. Evercore upgraded shares of Allegion to a “strong-buy” rating in a report on Monday, April 13th. Robert W. Baird set a $165.00 target price on shares of Allegion in a research note on Wednesday, April 29th. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Thursday, June 11th. Wells Fargo & Company cut their price target on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Finally, Weiss Ratings downgraded Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $160.89.

Allegion Trading Down 1.5%

NYSE ALLE opened at $129.01 on Wednesday. Allegion has a 52 week low of $125.00 and a 52 week high of $183.11. The firm has a 50 day moving average of $134.67 and a two-hundred day moving average of $150.13. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $11.09 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 2.72 and a beta of 0.86.

Allegion announced that its board has approved a stock repurchase plan on Tuesday, April 28th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is currently 30.05%.

Insiders Place Their Bets

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the transaction, the senior vice president owned 8,570 shares in the company, valued at $1,175,375.50. This represents a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Allegion

A number of large investors have recently made changes to their positions in the company. Pinnacle Bancorp Inc. increased its position in Allegion by 255.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 115 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Allegion in the second quarter valued at approximately $33,000. Hantz Financial Services Inc. grew its position in shares of 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 worth $34,000 after acquiring an additional 68 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Allegion during the fourth quarter worth approximately $35,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Allegion in the 3rd quarter valued at $36,000. 92.21% of the stock is owned by institutional investors and hedge funds.

About Allegion

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.