Allegion PLC (ALLE) To Go Ex-Dividend on June 15th

Allegion PLC (NYSE:ALLE) announced a quarterly dividend on Wednesday, April 15th. Investors of record on Monday, June 15th will be given a dividend of 0.55 per share by the scientific and technical instruments company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, June 15th.

Allegion has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 11 years. Allegion has a payout ratio of 26.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allegion to earn $9.35 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 23.5%.

Allegion Price Performance

NYSE:ALLE opened at $133.95 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. The stock’s 50-day simple moving average is $136.11 and its 200 day simple moving average is $151.84. The company has a market cap of $11.51 billion, a P/E ratio of 18.30, a P/E/G ratio of 2.78 and a beta of 0.86. Allegion has a 52-week low of $125.00 and a 52-week high of $183.11.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. Allegion’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, sell-side analysts forecast that Allegion will post 8.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays lowered their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. Weiss Ratings downgraded Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Bank of America lowered their price target on Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. Finally, Morgan Stanley lowered their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $160.89.

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.