Q1 2024 EPS Estimates for Allegion plc (NYSE:ALLE) Decreased by Analyst

Allegion plc (NYSE:ALLE) – Stock analysts at Zacks Research dropped their Q1 2024 EPS estimates for Allegion in a note issued to investors on Monday, April 15th. Zacks Research analyst R. Department now forecasts that the scientific and technical instruments company will earn $1.58 per share for the quarter, down from their prior estimate of $1.59. The consensus estimate for Allegion’s current full-year earnings is $7.01 per share. Zacks Research also issued estimates for Allegion’s Q2 2025 earnings at $1.76 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.79 EPS and FY2025 earnings at $7.02 EPS.

A number of other research firms have also recently commented on ALLE. Wells Fargo & Company cut shares of Allegion from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $139.00 to $140.00 in a report on Wednesday, February 21st. Barclays increased their price target on shares of Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group increased their price target on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Mizuho cut shares of Allegion from a “buy” rating to a “neutral” rating and increased their price target for the company from $140.00 to $141.00 in a report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $127.83.

Allegion Trading Down 0.7 %

NYSE:ALLE opened at $124.84 on Wednesday. The company’s 50 day moving average price is $131.04 and its 200-day moving average price is $118.70. Allegion has a 52 week low of $95.94 and a 52 week high of $136.91. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 4.55 and a beta of 1.14.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $897.40 million for the quarter, compared to analysts’ expectations of $904.17 million. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 earnings per share.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. Allegion’s dividend payout ratio (DPR) is 31.37%.

Insider Activity at Allegion

In related news, CEO John H. Stone acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the completion of the transaction, the chief executive officer now directly owns 104,248 shares in the company, valued at $13,803,477.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the transaction, the vice president now directly owns 35,567 shares in the company, valued at $4,623,354.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John H. Stone purchased 10,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was acquired at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the completion of the transaction, the chief executive officer now directly owns 104,248 shares of the company’s stock, valued at approximately $13,803,477.68. The disclosure for this purchase can be found here. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its position in Allegion by 1.8% in the fourth quarter. Captrust Financial Advisors now owns 4,601 shares of the scientific and technical instruments company’s stock worth $484,000 after acquiring an additional 83 shares during the period. Horizon Investments LLC raised its position in Allegion by 7.1% in the second quarter. Horizon Investments LLC now owns 1,414 shares of the scientific and technical instruments company’s stock worth $170,000 after acquiring an additional 94 shares during the period. Schechter Investment Advisors LLC raised its position in Allegion by 3.9% in the fourth quarter. Schechter Investment Advisors LLC now owns 2,554 shares of the scientific and technical instruments company’s stock worth $324,000 after acquiring an additional 97 shares during the period. Huntington National Bank raised its position in Allegion by 19.5% in the third quarter. Huntington National Bank now owns 638 shares of the scientific and technical instruments company’s stock worth $66,000 after acquiring an additional 104 shares during the period. Finally, Allworth Financial LP raised its position in Allegion by 11.8% in the fourth quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock worth $124,000 after acquiring an additional 104 shares during the period. 92.21% of the stock is currently owned by institutional investors.

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.