Timothy Eckersley Sells 6,417 Shares of Allegion (NYSE:ALLE) Stock

Allegion PLC (NYSE:ALLE) SVP Timothy Eckersley sold 6,417 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the sale, the senior vice president directly owned 29,919 shares of the company’s stock, valued at $4,705,061.94. The trade was a 17.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Allegion Stock Down 1.0%

Shares of NYSE:ALLE opened at $156.82 on Friday. The business has a 50-day moving average price of $137.21 and a 200 day moving average price of $146.62. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 3.22 and a beta of 0.85. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11.

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

Allegion announced that its board has authorized a share buyback program on Tuesday, April 28th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its stake in shares of Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares during the period. Elevation Wealth Partners LLC grew its position in Allegion by 1,666.7% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 200 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Allegion in the second quarter valued at about $33,000. Hantz Financial Services Inc. increased its holdings in Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 68 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Allegion during the 4th quarter valued at approximately $35,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALLE has been the topic of several research analyst reports. Morgan Stanley cut their target price 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. Robert W. Baird set a $170.00 price target on shares of Allegion in a research note on Friday, July 24th. Evercore upgraded shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Weiss Ratings downgraded shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Finally, Barclays cut their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $164.75.

About Allegion

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.