Allegion plc (NYSE:ALLE) Receives Average Rating of “Hold” from Analysts

Allegion plc (NYSE:ALLE) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $127.83.

Several equities analysts have recently issued reports on ALLE shares. Barclays upped their price objective on shares of Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company downgraded shares of Allegion from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $139.00 to $140.00 in a report on Wednesday, February 21st. UBS Group upped their price objective on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Mizuho downgraded shares of Allegion from a “buy” rating to a “neutral” rating and increased their price target for the stock from $140.00 to $141.00 in a report on Friday, February 23rd.

Insiders Place Their Bets

In related news, CEO John H. Stone acquired 10,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were acquired at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the transaction, the chief executive officer now owns 104,248 shares in the company, valued at approximately $13,803,477.68. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $129.99, for a total value of $656,059.53. Following the sale, the vice president now owns 35,567 shares in the company, valued at approximately $4,623,354.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John H. Stone bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the transaction, the chief executive officer now directly owns 104,248 shares in the company, valued at $13,803,477.68. The disclosure for this purchase can be found here. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CVA Family Office LLC purchased a new position in shares of Allegion during the 4th quarter valued at approximately $28,000. Compass Wealth Management LLC purchased a new position in shares of Allegion during the 4th quarter valued at approximately $25,000. Benjamin Edwards Inc. lifted its position in shares of Allegion by 123.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 261 shares of the scientific and technical instruments company’s stock valued at $31,000 after buying an additional 144 shares in the last quarter. Ancora Advisors LLC lifted its position in shares of Allegion by 153.3% during the 3rd quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 230 shares in the last quarter. Finally, Headinvest LLC purchased a new position in shares of Allegion during the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $126.39 on Friday. The company has a market capitalization of $11.07 billion, a PE ratio of 20.65, a P/E/G ratio of 4.59 and a beta of 1.14. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.85 and a current ratio of 1.26. The company has a 50-day simple moving average of $131.05 and a two-hundred day simple moving average of $118.49. Allegion has a one year low of $95.94 and a one year high of $136.91.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.09. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The firm had revenue of $897.40 million for the quarter, compared to the consensus estimate of $904.17 million. During the same quarter in the prior year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Research analysts expect that Allegion will post 7.01 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.48 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.92 annualized dividend and a yield of 1.52%. Allegion’s dividend payout ratio (DPR) is presently 31.37%.

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.