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

Allegion (NYSE:ALLE) posted its earnings results on Tuesday. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.11, Zacks reports. Allegion had a return on equity of 45.64% and a net margin of 15.36%. Allegion updated its FY 2025 guidance to 7.650-7.850 EPS.

Allegion Stock Up 0.3 %

Shares of NYSE ALLE opened at $133.51 on Tuesday. The business has a 50-day moving average of $132.14 and a two-hundred day moving average of $137.42. The company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11. Allegion has a 1 year low of $113.27 and a 1 year high of $156.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is 29.49%.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO John H. Stone acquired 7,500 shares of Allegion stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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.