Allegion PLC (ALLE) Hits New 12-Month High at $87.78
Allegion PLC (NYSE:ALLE)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $87.78 and last traded at $87.71, with a volume of 157,925 shares. The stock had previously closed at $87.62.
A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of Allegion PLC from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Robert W. Baird restated a “hold” rating on shares of Allegion PLC in a research report on Tuesday, September 26th. Finally, Wolfe Research assumed coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $86.33.
The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 33.97 and a beta of 1.13. The firm’s 50-day moving average price is $82.18 and its 200-day moving average price is $79.71.
Allegion PLC (NYSE:ALLE) last announced its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.00 by $0.11. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The company had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $613.37 million. During the same period last year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts forecast that Allegion PLC will post $3.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, September 15th. Allegion PLC’s payout ratio is 24.62%.
In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.14, for a total value of $1,037,131.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.64% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. QS Investors LLC lifted its position in shares of Allegion PLC by 1.2% in the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after purchasing an additional 16 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Allegion PLC by 0.5% in the second quarter. CIBC Asset Management Inc now owns 6,062 shares of the scientific and technical instruments company’s stock worth $492,000 after purchasing an additional 28 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Allegion PLC by 1.0% in the second quarter. Oppenheimer & Co. Inc. now owns 8,979 shares of the scientific and technical instruments company’s stock worth $729,000 after purchasing an additional 88 shares in the last quarter. Wilen Investment Management CORP. lifted its position in shares of Allegion PLC by 1.6% in the second quarter. Wilen Investment Management CORP. now owns 6,420 shares of the scientific and technical instruments company’s stock worth $517,000 after purchasing an additional 100 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of Allegion PLC by 3.4% in the second quarter. Thrivent Financial For Lutherans now owns 3,621 shares of the scientific and technical instruments company’s stock worth $294,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 89.86% of the company’s stock.
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.
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.