Allegion (NYSE:ALLE) Releases Earnings Results, Beats Expectations By $0.11 EPS

Allegion (NYSE:ALLE) released its quarterly earnings data on Tuesday. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping 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

ALLE stock opened at $133.51 on Tuesday. The company has a 50-day simple moving average of $132.14 and a 200 day simple moving average of $137.42. The company has a market capitalization of $11.61 billion, a P/E ratio of 20.51, a PEG ratio of 3.19 and a beta of 1.11. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. Allegion has a fifty-two week low of $113.27 and a fifty-two week high of $156.10.

Allegion Increases Dividend

The firm also recently declared 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 represents a $2.04 dividend on an annualized basis and a dividend yield of 1.53%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Allegion’s dividend payout ratio (DPR) is 29.49%.

Insider Buying and Selling at Allegion

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

Wall Street Analyst Weigh In

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

About Allegion

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.