Allegion plc (NYSE:ALLE) Given Consensus Recommendation of “Hold” by Brokerages

Allegion plc (NYSE:ALLE) has received an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $125.67.

A number of equities analysts recently issued reports on ALLE shares. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays lifted their price objective on Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company lowered 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 report on Wednesday, February 21st. Finally, Mizuho lowered Allegion from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $140.00 to $141.00 in a report on Friday, February 23rd.

Allegion Trading Up 0.5 %

ALLE opened at $129.75 on Friday. The firm has a market cap of $11.36 billion, a P/E ratio of 21.20, a P/E/G ratio of 4.79 and a beta of 1.14. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. Allegion has a 52 week low of $95.94 and a 52 week high of $136.91. The business has a fifty day simple moving average of $131.03 and a 200-day simple moving average of $117.95.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. Allegion had a return on equity of 51.95% and a net margin of 14.80%. The company had revenue of $897.40 million for the quarter, compared to analysts’ expectations of $904.17 million. During the same period last year, the firm earned $1.60 earnings per share. Allegion’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Allegion will post 7.01 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.48%. Allegion’s dividend payout ratio (DPR) is 31.37%.

Insider Buying and Selling

In other Allegion news, CEO John H. Stone purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $132.41 per share, with a total value of $1,324,100.00. Following the transaction, the chief executive officer now owns 104,248 shares in the company, valued at $13,803,477.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO John H. Stone acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy P. Eckersley sold 5,047 shares of the business’s 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 completion of the transaction, the vice president now owns 35,567 shares in the company, valued at approximately $4,623,354.33. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Allegion

A number of institutional investors have recently modified their holdings of ALLE. Nordea Investment Management AB raised its stake in Allegion by 1.8% during the fourth quarter. Nordea Investment Management AB now owns 1,310,495 shares of the scientific and technical instruments company’s stock worth $165,516,000 after acquiring an additional 23,155 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Allegion by 214.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 242,313 shares of the scientific and technical instruments company’s stock worth $30,699,000 after acquiring an additional 165,165 shares during the period. Dark Forest Capital Management LP raised its stake in Allegion by 39.7% during the third quarter. Dark Forest Capital Management LP now owns 33,364 shares of the scientific and technical instruments company’s stock worth $3,477,000 after acquiring an additional 9,476 shares during the period. Spire Wealth Management raised its stake in Allegion by 41.2% during the third quarter. Spire Wealth Management now owns 35,196 shares of the scientific and technical instruments company’s stock worth $3,667,000 after acquiring an additional 10,272 shares during the period. Finally, Morningstar Investment Services LLC raised its stake in Allegion by 7.9% during the third quarter. Morningstar Investment Services LLC now owns 105,262 shares of the scientific and technical instruments company’s stock worth $10,975,000 after acquiring an additional 7,678 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.