Shares of Allegion PLC (NYSE:ALLE) have earned an average rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $94.75.
A number of research analysts recently issued reports on ALLE shares. ValuEngine upgraded Allegion from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. Zacks Investment Research downgraded Allegion from a “hold” rating to a “sell” rating in a report on Monday, December 31st.
Shares of NYSE:ALLE opened at $88.41 on Wednesday. Allegion has a 1 year low of $73.85 and a 1 year high of $94.30. The stock has a market cap of $8.39 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.25 and a debt-to-equity ratio of 2.16.
Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, February 19th. The scientific and technical instruments company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.01. Allegion had a return on equity of 77.42% and a net margin of 15.92%. The company had revenue of $702.40 million for the quarter, compared to the consensus estimate of $703.17 million. During the same quarter in the previous year, the business earned $1.11 EPS. Allegion’s revenue was up 12.7% compared to the same quarter last year. On average, analysts expect that Allegion will post 4.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.22%. This is a boost from Allegion’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 14th. Allegion’s payout ratio is presently 18.67%.
In other Allegion news, CAO Douglas P. Ranck sold 3,400 shares of Allegion stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $89.26, for a total transaction of $303,484.00. Following the sale, the chief accounting officer now directly owns 8,478 shares of the company’s stock, valued at approximately $756,746.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick S. Shannon sold 34,898 shares of Allegion stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $87.44, for a total value of $3,051,481.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,129 shares of company stock worth $5,928,592. Insiders own 0.75% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Murphy Pohlad Asset Management LLC bought a new stake in shares of Allegion in the 4th quarter worth approximately $31,000. Ledyard National Bank bought a new stake in shares of Allegion in the 4th quarter worth approximately $53,000. Exane Asset Management bought a new stake in shares of Allegion in the 4th quarter worth approximately $78,000. Enlightenment Research LLC bought a new stake in shares of Allegion in the 4th quarter worth approximately $88,000. Finally, NumerixS Investment Technologies Inc bought a new position in Allegion in the 4th quarter valued at approximately $94,000. 94.02% of the stock is currently owned by hedge funds and other institutional investors.
Allegion Company Profile
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile 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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