Allegion PLC (ALLE) To Go Ex-Dividend on September 15th
Allegion PLC (NYSE:ALLE) declared a quarterly dividend on Thursday, September 7th, NASDAQ reports. Stockholders of record on Monday, September 18th will be given a dividend of 0.16 per share by the scientific and technical instruments company on Friday, September 29th. This represents a $0.64 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, September 15th.
Allegion PLC has a payout ratio of 17.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allegion PLC to earn $4.12 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 15.5%.
Allegion PLC (NYSE ALLE) opened at 81.81 on Thursday. Allegion PLC has a 1-year low of $61.47 and a 1-year high of $82.90. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 31.65 and a beta of 1.10. The stock’s 50 day moving average is $79.57 and its 200 day moving average is $78.22.
Allegion PLC (NYSE:ALLE) last posted its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.11. The business had revenue of $627.00 million for 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 business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Analysts predict that Allegion PLC will post $3.78 EPS for the current fiscal year.
Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of Allegion PLC from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Robert W. Baird set a $85.00 target price on shares of Allegion PLC and gave the company a “hold” rating in a research note on Thursday, August 24th. Wolfe Research assumed coverage on shares of Allegion PLC in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Friday, June 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $86.00.
In other news, insider Timothy P. Eckersley sold 12,782 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by corporate insiders.
Allegion PLC Company Profile
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.
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