Allegion plc (NYSE:ALLE) Given Average Rating of “Hold” by Brokerages

Allegion plc (NYSE:ALLE) has earned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $127.83.

Several analysts have commented on the stock. Wells Fargo & Company cut shares of Allegion from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $139.00 to $140.00 in a research note on Wednesday, February 21st. Mizuho lowered shares of Allegion from a “buy” rating to a “neutral” rating and upped their price target for the company from $140.00 to $141.00 in a report on Friday, February 23rd. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. UBS Group upped their target price on Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Barclays lifted their price target on Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 2nd.

Allegion Trading Up 1.6 %

NYSE:ALLE opened at $124.86 on Tuesday. The firm has a 50 day moving average of $129.24 and a 200 day moving average of $120.70. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.18. Allegion has a 52 week low of $95.94 and a 52 week high of $136.91. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 4.38 and a beta of 1.14.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The company had revenue of $893.90 million during the quarter, compared to analysts’ expectations of $888.27 million. During the same period last year, the business posted $1.58 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allegion will post 7.08 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, June 13th. Allegion’s dividend payout ratio is currently 31.32%.

Insider Activity at Allegion

In other news, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction on Monday, March 11th. The stock was sold at an average price of $129.99, for a total transaction of $656,059.53. Following the transaction, 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 can be accessed through this hyperlink. In other news, VP Timothy P. Eckersley sold 5,047 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the completion of the sale, the vice president now owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John H. Stone acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,248 shares of the company’s stock, valued at approximately $13,803,477.68. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. CVA Family Office LLC acquired a new position in shares of Allegion in the fourth quarter valued at approximately $28,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Allegion by 19.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 3,823 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Allegion by 153.3% during the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 230 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Allegion in the first quarter valued at $44,000. Finally, Headinvest LLC acquired a new stake in shares of Allegion in the third quarter valued at $48,000. 92.21% 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 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.