Allegion (NYSE:ALLE) Issues Earnings Results

Allegion (NYSE:ALLE) released its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11, Zacks reports. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The firm had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. Allegion updated its FY 2025 guidance to 7.650-7.850 EPS.

Allegion Price Performance

NYSE:ALLE opened at $126.40 on Thursday. The business’s 50-day simple moving average is $131.57 and its two-hundred day simple moving average is $137.32. Allegion has a 52 week low of $113.27 and a 52 week high of $156.10. The stock has a market cap of $10.99 billion, a PE ratio of 19.42, a P/E/G ratio of 3.29 and a beta of 1.11. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26.

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 issued a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.61%. This is an increase from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is currently 29.49%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays lowered their price objective on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday. Robert W. Baird cut their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Wells Fargo & Company cut their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $138.33.

Insider Transactions at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares of the company’s stock, valued at approximately $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John H. Stone acquired 7,500 shares of Allegion stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the purchase, 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 disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

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.