Allegion PLC (NYSE:ALLE) Earns Media Sentiment Score of 0.13
News stories about Allegion PLC (NYSE:ALLE) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegion PLC earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the scientific and technical instruments company an impact score of 46.1432493404164 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Access Control Market May Garner $10.03 Billion by 2023 (sensorsmag.com)
- Artisan Partners Limited Partnership Buys A Lot More Allegion plc Ordinary Shares (ALLE) Stock In The Last Quarter (highlightpress.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Allegion PLC is a positive for its shares (finance.yahoo.com)
- Allegion Plc breached its 50 day moving average in a Bearish Manner : ALLE-US : August 10, 2017 (finance.yahoo.com)
- Allegion PLC (NYSE:ALLE) Expected to Post Quarterly Sales of $618.77 Million (americanbankingnews.com)
Allegion PLC (ALLE) traded up 0.46% during mid-day trading on Friday, hitting $79.28. 354,138 shares of the stock traded hands. The stock has a market cap of $7.53 billion, a P/E ratio of 30.67 and a beta of 1.10. Allegion PLC has a 12 month low of $61.47 and a 12 month high of $82.90. The stock has a 50-day moving average price of $80.84 and a 200-day moving average price of $76.68.
Allegion PLC (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.11. The firm had revenue of $627 million during the quarter, compared to analysts’ expectations of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. On average, equities analysts forecast that Allegion PLC will post $3.78 earnings per share for the current year.
Several analysts have recently weighed in on ALLE shares. BidaskClub downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Imperial Capital lifted their price target on shares of Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Robert W. Baird downgraded shares of Allegion PLC from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $80.00 to $85.00 in a research note on Friday, April 28th. Finally, Wolfe Research started coverage on shares of Allegion PLC in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $86.00.
In related news, insider Timothy P. Eckersley sold 12,782 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Todd V. Graves sold 1,858 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $79.19, for a total transaction of $147,135.02. Following the transaction, the insider now directly owns 12,084 shares of the company’s stock, valued at approximately $956,931.96. The disclosure for this sale can be found here. Company insiders own 0.64% of the company’s stock.
About Allegion PLC
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
Receive News & Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related companies with MarketBeat.com's FREE daily email newsletter.