Allegion plc Forecasted to Post Q2 2024 Earnings of $1.75 Per Share (NYSE:ALLE)

Allegion plc (NYSE:ALLE - Free Report) - Stock analysts at Zacks Research boosted their Q2 2024 EPS estimates for shares of Allegion in a note issued to investors on Monday, July 15th. Zacks Research analyst R. Department now expects that the scientific and technical instruments company will earn $1.75 per share for the quarter, up from their prior forecast of $1.74. The consensus estimate for Allegion's current full-year earnings is $7.09 per share. Zacks Research also issued estimates for Allegion's FY2024 earnings at $7.09 EPS, Q2 2025 earnings at $1.82 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.97 EPS, FY2025 earnings at $7.33 EPS, Q1 2026 earnings at $1.65 EPS and Q2 2026 earnings at $1.90 EPS.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The company had revenue of $893.90 million during the quarter, compared to the consensus estimate of $888.27 million. During the same period in the prior year, the business posted $1.58 EPS. The company's quarterly revenue was down 3.2% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company dropped their target price on shares of Allegion from $141.00 to $125.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 10th. StockNews.com raised shares of Allegion from a "hold" rating to a "buy" rating in a report on Monday, July 1st. UBS Group upped their target price on shares of Allegion from $113.00 to $132.00 and gave the company a "neutral" rating in a report on Tuesday, April 16th. Finally, Barclays dropped their target price on shares of Allegion from $116.00 to $112.00 and set an "underweight" rating on the stock in a report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $123.67.

Allegion Stock Performance

Shares of ALLE stock traded up $5.30 on Tuesday, reaching $128.02. The stock had a trading volume of 621,445 shares, compared to its average volume of 692,547. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.18. The firm's 50-day moving average is $119.79 and its two-hundred day moving average is $124.96. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 3.86 and a beta of 1.13. Allegion has a 12 month low of $95.94 and a 12 month high of $136.91.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ALLE. CVA Family Office LLC acquired a new position in shares of Allegion during the 4th quarter worth approximately $28,000. Robeco Institutional Asset Management B.V. grew its position in shares of Allegion by 19.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company's stock worth $30,000 after purchasing an additional 3,823 shares in the last quarter. Covestor Ltd grew its position in shares of Allegion by 255.7% during the 1st quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 225 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Allegion during the 1st quarter worth approximately $44,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Allegion during the 1st quarter worth approximately $50,000. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 2,194 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $121.98, for a total value of $267,624.12. Following the transaction, the senior vice president now directly owns 11,103 shares of the company's stock, valued at approximately $1,354,343.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company's stock.

Allegion Company Profile

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.