Allegion plc (NYSE:ALLE) Receives $144.60 Average PT from Brokerages

Shares of Allegion plc (NYSE:ALLE) have earned an average recommendation of “Reduce” from the five research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $144.60.

ALLE has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays lifted their price objective on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Wells Fargo & Company lifted their target price on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th.

Allegion Trading Up 0.9 %

Allegion stock opened at $142.67 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The business’s 50-day simple moving average is $144.02 and its 200-day simple moving average is $132.37. The firm has a market capitalization of $12.40 billion, a PE ratio of 21.92, a PEG ratio of 3.37 and a beta of 1.11. Allegion has a 52 week low of $103.19 and a 52 week high of $156.10.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. Equities research analysts forecast that Allegion will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the sale, the senior vice president now directly owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Allegion

A number of institutional investors have recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. boosted its holdings in Allegion by 61.0% during the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Allegion by 0.4% during the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock valued at $2,871,000 after purchasing an additional 77 shares in the last quarter. Greenwich Wealth Management LLC boosted its holdings in shares of Allegion by 0.5% in the 2nd quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock worth $1,761,000 after acquiring an additional 79 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Allegion by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after acquiring an additional 82 shares in the last quarter. Finally, Thrive Wealth Management LLC boosted its holdings in shares of Allegion by 5.0% in the 3rd quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock worth $269,000 after acquiring an additional 88 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

About Allegion

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.