Shares of Allegion (NYSE:ALLE) have earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $100.67.
A number of research firms have weighed in on ALLE. Imperial Capital restated an “outperform” rating and set a $94.00 price target (up previously from $85.00) on shares of Allegion in a research report on Wednesday, February 21st. Zacks Investment Research downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Berenberg Bank downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Barclays started coverage on Allegion in a research report on Thursday, February 15th. They set an “overweight” rating and a $100.00 price target on the stock. Finally, Wells Fargo reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Allegion in a report on Wednesday, February 21st.
Allegion opened at $78.37 on Thursday, according to Marketbeat Ratings. Allegion has a twelve month low of $73.85 and a twelve month high of $89.81. The company has a current ratio of 1.78, a quick ratio of 1.17 and a debt-to-equity ratio of 3.20. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.36 and a beta of 1.07.
Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, April 26th. The scientific and technical instruments company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.84 by ($0.04). Allegion had a net margin of 11.21% and a return on equity of 102.62%. The firm had revenue of $613.10 million for the quarter, compared to analysts’ expectations of $605.47 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. analysts predict that Allegion will post 4.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.21 dividend. The ex-dividend date is Thursday, June 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.07%. Allegion’s dividend payout ratio is currently 21.21%.
In related news, VP Tracy L. Kemp sold 14,821 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $86.01, for a total transaction of $1,274,754.21. Following the transaction, the vice president now owns 18,283 shares in the company, valued at approximately $1,572,520.83. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Timothy P. Eckersley sold 7,970 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $86.40, for a total value of $688,608.00. Following the transaction, the insider now owns 36,855 shares in the company, valued at approximately $3,184,272. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,415 shares of company stock worth $4,924,641. Company insiders own 0.75% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in Allegion by 109.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock valued at $105,000 after acquiring an additional 692 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Allegion during the 4th quarter valued at approximately $111,000. Commerzbank Aktiengesellschaft FI bought a new stake in Allegion during the 1st quarter valued at approximately $205,000. FDx Advisors Inc. bought a new stake in Allegion during the 1st quarter valued at approximately $209,000. Finally, Claraphi Advisory Network LLC bought a new stake in Allegion during the 1st quarter valued at approximately $217,000. 89.38% of the stock is currently owned by institutional investors and hedge funds.
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.
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