Zacks Research Has Pessimistic View of Allegion Q1 Earnings

Allegion PLC (NYSE:ALLE) – Equities research analysts at Zacks Research reduced their Q1 2028 earnings estimates for shares of Allegion in a report released on Friday, September 11th. Zacks Research analyst Team now forecasts that the scientific and technical instruments company will post earnings of $2.23 per share for the quarter, down from their previous forecast of $2.24. The consensus estimate for Allegion’s current full-year earnings is $8.93 per share.

A number of other research analysts also recently weighed in on ALLE. Weiss Ratings upgraded Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Morgan Stanley lowered their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Finally, Robert W. Baird set a $170.00 price target on shares of Allegion in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $164.75.

Allegion Stock Performance

ALLE opened at $155.31 on Tuesday. The business’s 50-day simple moving average is $154.47 and its 200 day simple moving average is $144.95. Allegion has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The firm has a market capitalization of $13.21 billion, a PE ratio of 20.38, a PEG ratio of 3.12 and a beta of 0.83.

Allegion (NYSE:ALLE) last announced its quarterly earnings data 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 company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.Allegion’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS.

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is presently 28.87%.

Insider Activity at Allegion

In other Allegion news, Director Steven Mizell bought 170 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of $158.28 per share, with a total value of $26,907.60. Following the acquisition, the director owned 5,899 shares of the company’s stock, valued at $933,693.72. The trade was a 2.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Wagnes sold 3,184 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total value of $480,720.32. Following the completion of the sale, the chief financial officer owned 31,299 shares in the company, valued at approximately $4,725,523.02. This trade represents a 9.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,288 shares of company stock worth $1,764,593 in the last three months. 0.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Allegion

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in Allegion by 6.5% during the 2nd quarter. NewEdge Advisors LLC now owns 2,274 shares of the scientific and technical instruments company’s stock worth $319,000 after purchasing an additional 138 shares during the last quarter. Baird Financial Group Inc. raised its stake in Allegion by 2.0% in the 2nd quarter. Baird Financial Group Inc. now owns 7,470 shares of the scientific and technical instruments company’s stock worth $1,049,000 after purchasing an additional 150 shares in the last quarter. Allworth Financial LP raised its stake in Allegion by 9.5% in the 2nd quarter. Allworth Financial LP now owns 1,368 shares of the scientific and technical instruments company’s stock worth $192,000 after purchasing an additional 119 shares in the last quarter. Arizona State Retirement System boosted its holdings in Allegion by 5.7% in the 2nd quarter. Arizona State Retirement System now owns 24,699 shares of the scientific and technical instruments company’s stock valued at $3,470,000 after purchasing an additional 1,322 shares during the period. Finally, Waverly Advisors LLC grew its position in shares of Allegion by 8.5% during the 2nd quarter. Waverly Advisors LLC now owns 2,242 shares of the scientific and technical instruments company’s stock worth $315,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Allegion

Allegion plc (NYSE:ALLE) is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion’s brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.