Allegion (NYSE:ALLE) Director Steven Mizell Buys 170 Shares

Allegion PLC (NYSE:ALLE) Director Steven Mizell acquired 170 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average cost of $158.28 per share, with a total value of $26,907.60. Following the purchase, the director owned 5,899 shares in the company, valued at $933,693.72. The trade was a 2.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Allegion Price Performance

Allegion stock traded down $1.20 during mid-day trading on Monday, reaching $156.28. The company had a trading volume of 587,579 shares, compared to its average volume of 1,060,628. The business has a fifty day simple moving average of $150.69 and a 200 day simple moving average of $146.08. The company has a market cap of $13.29 billion, a P/E ratio of 20.51, a P/E/G ratio of 3.20 and a beta of 0.84. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96.

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

Hedge Funds Weigh In On Allegion

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC increased its position in Allegion by 1,667.2% during the 2nd quarter. CYBER HORNET ETFs LLC now owns 4,206 shares of the scientific and technical instruments company’s stock valued at $591,000 after purchasing an additional 3,968 shares during the period. California State Teachers Retirement System boosted its stake in shares of Allegion by 13,296.8% in the 2nd quarter. California State Teachers Retirement System now owns 18,430,040 shares of the scientific and technical instruments company’s stock valued at $2,589,236,000 after purchasing an additional 18,292,470 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Allegion during the second quarter worth $44,000. HB Wealth Management LLC increased its position in shares of Allegion by 53.0% during the second quarter. HB Wealth Management LLC now owns 4,826 shares of the scientific and technical instruments company’s stock worth $678,000 after buying an additional 1,671 shares during the period. Finally, Saudi Central Bank raised its stake in Allegion by 89.9% during the second quarter. Saudi Central Bank now owns 6,030 shares of the scientific and technical instruments company’s stock worth $847,000 after buying an additional 2,854 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ALLE shares. Robert W. Baird set a $170.00 target price on Allegion in a research report on Friday, July 24th. Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Thursday, June 11th. JPMorgan Chase & Co. upped their price objective on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Morgan Stanley dropped their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.