Allegion plc (NYSE:ALLE) Given Average Rating of “Buy” by Analysts

Allegion plc (NYSE:ALLEGet Rating) has been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $143.70.

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on Allegion from $153.00 to $137.00 and set a “buy” rating on the stock in a research note on Thursday, April 7th. StockNews.com assumed coverage on Allegion in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho decreased their target price on Allegion from $170.00 to $145.00 and set a “buy” rating on the stock in a report on Wednesday, February 16th. Morgan Stanley decreased their target price on Allegion from $134.00 to $130.00 and set an “equal weight” rating on the stock in a report on Thursday, April 7th. Finally, Credit Suisse Group decreased their target price on Allegion from $142.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, February 16th.

ALLE stock opened at $107.43 on Monday. The company has a market cap of $9.48 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13. Allegion has a 1 year low of $105.06 and a 1 year high of $148.70. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.86 and a quick ratio of 1.23. The stock’s fifty day moving average price is $113.76 and its 200-day moving average price is $123.50.

Allegion (NYSE:ALLEGet Rating) last released its quarterly earnings results on Tuesday, February 15th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.11. The firm had revenue of $709.20 million for the quarter, compared to the consensus estimate of $678.46 million. Allegion had a return on equity of 59.62% and a net margin of 16.84%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the business posted $1.49 EPS. As a group, analysts expect that Allegion will post 5.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $1.64 dividend on an annualized basis and a yield of 1.53%. Allegion’s dividend payout ratio is presently 30.71%.

Hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC increased its holdings in shares of Allegion by 54.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 263 shares of the scientific and technical instruments company’s stock worth $35,000 after purchasing an additional 93 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in shares of Allegion in the fourth quarter worth about $35,000. JFS Wealth Advisors LLC grew its position in Allegion by 2,621.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 381 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 367 shares in the last quarter. Liberty Wealth Management LLC grew its position in Allegion by 71.6% in the third quarter. Liberty Wealth Management LLC now owns 386 shares of the scientific and technical instruments company’s stock worth $51,000 after acquiring an additional 161 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in Allegion by 270.2% in the fourth quarter. Lindbrook Capital LLC now owns 385 shares of the scientific and technical instruments company’s stock worth $51,000 after acquiring an additional 281 shares in the last quarter. 90.40% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Company Profile (Get Rating)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, 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 and door systems; and other accessories.

Further Reading

Analyst Recommendations for Allegion (NYSE:ALLE)

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