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

Allegion (NYSE:ALLE - Get Free Report) issued its earnings results on Tuesday. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.75 by $0.11, Zacks reports. The company had revenue of $945.60 million during the quarter, compared to analysts' expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Allegion updated its FY 2025 guidance to 7.650-7.850 EPS.

Allegion Trading Up 0.0 %

Shares of ALLE stock traded up $0.05 on Friday, hitting $127.16. The stock had a trading volume of 871,149 shares, compared to its average volume of 890,566. Allegion has a twelve month low of $113.27 and a twelve month high of $156.10. The firm has a market cap of $10.97 billion, a P/E ratio of 18.64, a PEG ratio of 3.99 and a beta of 1.11. The company has a current ratio of 2.04, a quick ratio of 1.29 and a debt-to-equity ratio of 1.32. The company has a fifty day moving average price of $131.32 and a two-hundred day moving average price of $137.24.

Allegion Increases Dividend

The company 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 $0.51 dividend. This is a positive change from Allegion's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.60%. Allegion's payout ratio is 28.15%.

Insider Activity

In related news, CEO John H. Stone bought 7,500 shares of Allegion stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the purchase, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregg C. Sengstack bought 8,000 shares of Allegion stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $1,001,920. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on ALLE shares. Robert W. Baird dropped their target price on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday. StockNews.com cut shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Barclays dropped their target price on shares of Allegion from $134.00 to $130.00 and set an "underweight" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $138.33.

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.