Allegion plc (NYSE:ALLE – Get Free Report) 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.
Check Out Our Latest Research Report on Allegion
Insiders Place Their Bets
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 – Get Free Report) 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.
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