Steven Mizell Acquires 170 Shares of Allegion (NYSE:ALLE) Stock

Allegion PLC (NYSE:ALLE) Director Steven Mizell bought 170 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $158.28 per share, for a total transaction of $26,907.60. Following the purchase, the director owned 5,899 shares in the company, valued at $933,693.72. This represents a 2.97% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Allegion Trading Down 2.0%

Shares of Allegion stock opened at $152.15 on Wednesday. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The company has a market capitalization of $12.94 billion, a P/E ratio of 19.97, a P/E/G ratio of 3.16 and a beta of 0.84. The company has a fifty day moving average of $151.66 and a 200 day moving average of $145.72.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ALLE. CYBER HORNET ETFs LLC raised its holdings in shares of Allegion by 1,667.2% in the second quarter. CYBER HORNET ETFs LLC now owns 4,206 shares of the scientific and technical instruments company’s stock worth $591,000 after buying an additional 3,968 shares during the period. California State Teachers Retirement System boosted its holdings in Allegion by 13,296.8% during the 2nd quarter. California State Teachers Retirement System now owns 18,430,040 shares of the scientific and technical instruments company’s stock valued at $2,589,236,000 after acquiring an additional 18,292,470 shares during the period. Ameritas Advisory Services LLC bought a new position in Allegion in the 2nd quarter valued at $44,000. HB Wealth Management LLC grew its position in Allegion by 53.0% in the 2nd quarter. HB Wealth Management LLC now owns 4,826 shares of the scientific and technical instruments company’s stock valued at $678,000 after acquiring an additional 1,671 shares during the last quarter. Finally, Saudi Central Bank increased its stake in Allegion by 89.9% in the second quarter. Saudi Central Bank now owns 6,030 shares of the scientific and technical instruments company’s stock worth $847,000 after purchasing an additional 2,854 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ALLE shares. JPMorgan Chase & Co. lifted their target price on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Morgan Stanley decreased their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Robert W. Baird set a $170.00 price target on Allegion in a research report on Friday, July 24th. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of 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 given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Allegion currently has a consensus rating of “Hold” and a consensus target price of $164.75.

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.