Q1 2024 EPS Estimates for Allegion plc (NYSE:ALLE) Decreased by Analyst

Allegion plc (NYSE:ALLE) – Zacks Research reduced their Q1 2024 earnings per share estimates for Allegion in a note issued to investors on Monday, April 15th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will earn $1.58 per share for the quarter, down from their previous estimate of $1.59. The consensus estimate for Allegion’s current full-year earnings is $7.01 per share. Zacks Research also issued estimates for Allegion’s Q2 2025 earnings at $1.76 EPS, Q3 2025 earnings at $1.86 EPS, Q4 2025 earnings at $1.79 EPS and FY2025 earnings at $7.02 EPS.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. Allegion had a return on equity of 51.95% and a net margin of 14.80%. The company had revenue of $897.40 million for the quarter, compared to the consensus estimate of $904.17 million. During the same quarter in the prior year, the business earned $1.60 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on ALLE. Mizuho downgraded Allegion from a “buy” rating to a “neutral” rating and increased their price target for the stock from $140.00 to $141.00 in a research report on Friday, February 23rd. Wells Fargo & Company cut Allegion from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $139.00 to $140.00 in a research note on Wednesday, February 21st. UBS Group upped their target price on Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a research note on Tuesday. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, Barclays upped their target price on Allegion from $121.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Allegion has an average rating of “Hold” and a consensus target price of $127.83.

Allegion Trading Down 0.7 %

Shares of NYSE:ALLE opened at $124.84 on Wednesday. The company has a market capitalization of $10.93 billion, a P/E ratio of 20.40, a P/E/G ratio of 4.55 and a beta of 1.14. Allegion has a 1 year low of $95.94 and a 1 year high of $136.91. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.26 and a quick ratio of 0.85. The business’s 50 day simple moving average is $131.04 and its 200 day simple moving average is $118.70.

Institutional Trading of Allegion

Several large investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in Allegion by 1.8% during the 4th quarter. Captrust Financial Advisors now owns 4,601 shares of the scientific and technical instruments company’s stock valued at $484,000 after purchasing an additional 83 shares during the last quarter. Horizon Investments LLC boosted its stake in Allegion by 7.1% during the 2nd quarter. Horizon Investments LLC now owns 1,414 shares of the scientific and technical instruments company’s stock valued at $170,000 after purchasing an additional 94 shares during the last quarter. Schechter Investment Advisors LLC boosted its stake in Allegion by 3.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 2,554 shares of the scientific and technical instruments company’s stock valued at $324,000 after purchasing an additional 97 shares during the last quarter. Huntington National Bank boosted its stake in Allegion by 19.5% during the 3rd quarter. Huntington National Bank now owns 638 shares of the scientific and technical instruments company’s stock valued at $66,000 after purchasing an additional 104 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in Allegion by 11.8% during the 4th quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock valued at $124,000 after purchasing an additional 104 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Allegion news, CEO John H. Stone purchased 10,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the acquisition, the chief executive officer now owns 104,248 shares in the company, valued at approximately $13,803,477.68. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $129.99, for a total value of $656,059.53. Following the completion of the sale, the vice president now directly owns 35,567 shares in the company, valued at approximately $4,623,354.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO John H. Stone bought 10,000 shares of Allegion stock in a transaction dated Thursday, February 22nd. The stock was purchased at an average price of $132.41 per share, with a total value of $1,324,100.00. Following the completion of the purchase, the chief executive officer now owns 104,248 shares in the company, valued at $13,803,477.68. The disclosure for this purchase can be found here. Company insiders own 0.90% of the company’s stock.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. Allegion’s payout ratio is currently 31.37%.

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.