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

Allegion (NYSE:ALLE) issued its earnings results on Tuesday. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates 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 Trading Up 0.3 %

ALLE opened at $133.51 on Tuesday. Allegion has a 12-month low of $113.27 and a 12-month 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. The stock has a market capitalization of $11.61 billion, a PE ratio of 20.51, a P/E/G ratio of 3.19 and a beta of 1.11. The firm’s fifty day moving average price is $132.14 and its 200 day moving average price is $137.42.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays reduced their price objective on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price target 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. Robert W. Baird increased 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. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Morgan Stanley started coverage on shares of Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target for the company. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $140.83.

Insiders Place Their Bets

In other news, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was bought 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 in the company, valued at $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.33% of the stock is owned by company insiders.

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.