Analysts Set Allegion PLC (NYSE:ALLE) PT at $174.25

Allegion PLC (NYSE:ALLE) has been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $174.25.

A number of research firms have recently commented on ALLE. Robert W. Baird boosted their price target on Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Barclays lowered their target price on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a report on Tuesday, December 16th.

Institutional Investors Weigh In On Allegion

Several hedge funds have recently modified their holdings of ALLE. MassMutual Private Wealth & Trust FSB raised its position in Allegion by 16.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 60 shares during the last quarter. Diversify Advisory Services LLC increased its stake in shares of Allegion by 2.7% in the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock valued at $380,000 after buying an additional 60 shares during the period. Huntington National Bank raised its holdings in Allegion by 7.7% in the 2nd quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 61 shares during the last quarter. HM Payson & Co. raised its holdings in Allegion by 2.4% in the 3rd quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $469,000 after buying an additional 63 shares during the last quarter. Finally, Banque de Luxembourg S.A. boosted its position in Allegion by 0.3% during the 4th quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock worth $3,550,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $167.04 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06. The company has a market cap of $14.37 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The company has a 50 day moving average of $162.12 and a 200-day moving average of $166.19. Allegion has a 1-year low of $116.57 and a 1-year high of $180.68.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.21 by $0.09. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Allegion had a net margin of 16.09% and a return on equity of 40.83%. The company’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.16 earnings per share. As a group, equities research analysts forecast that Allegion will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.51 per share. The ex-dividend date was Tuesday, December 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. Allegion’s dividend payout ratio is 27.60%.

About Allegion

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.