Allegion (NYSE:ALLE) Announces Earnings Results

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

Allegion Stock Performance

NYSE ALLE opened at $125.94 on Wednesday. Allegion has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The stock’s fifty day moving average is $132.14 and its two-hundred day moving average is $137.42. The firm has a market capitalization of $10.95 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is a boost from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, March 14th. Allegion’s payout ratio is currently 29.49%.

Insider Transactions at Allegion

In other news, CEO John H. Stone purchased 7,500 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the acquisition, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of analyst reports. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company lowered their price target on Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird boosted their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Morgan Stanley started coverage on Allegion in a research note on Monday, January 6th. They set an “equal weight” rating and a $137.00 target price for the company. Finally, Barclays dropped their price target on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.83.

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.