Allegion PLC (NYSE:ALLE) Receives Average Rating of “Hold” from Analysts

Allegion PLC (NYSE:ALLE) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $145.33.

A number of research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Allegion in a research note on Tuesday, June 24th. They set an “overweight” rating and a $170.00 price objective on the stock. Robert W. Baird upped their target price on Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Finally, Barclays upped their target price on Allegion from $126.00 to $128.00 and gave the company an “underweight” rating in a report on Friday, April 25th.

Allegion Stock Up 0.1%

Allegion stock opened at $148.11 on Friday. Allegion has a twelve month low of $114.04 and a twelve month high of $156.10. The stock has a 50 day moving average of $141.25 and a two-hundred day moving average of $133.28. The company has a current ratio of 2.17, a quick ratio of 1.51 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 4.15 and a beta of 1.01.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.18. The firm had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. Allegion had a return on equity of 44.82% and a net margin of 16.28%. Allegion’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. As a group, research analysts expect that Allegion will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, June 13th. Allegion’s dividend payout ratio is 28.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALLE. Vanguard Group Inc. raised its stake in shares of Allegion by 0.5% in the first quarter. Vanguard Group Inc. now owns 10,767,073 shares of the scientific and technical instruments company’s stock valued at $1,404,672,000 after acquiring an additional 48,615 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Allegion by 22.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,776,203 shares of the scientific and technical instruments company’s stock valued at $623,104,000 after acquiring an additional 878,796 shares during the last quarter. Boston Partners raised its stake in shares of Allegion by 0.8% in the first quarter. Boston Partners now owns 4,752,391 shares of the scientific and technical instruments company’s stock valued at $619,700,000 after acquiring an additional 35,635 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Allegion by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company’s stock valued at $280,607,000 after acquiring an additional 41,417 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Allegion by 6.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,147,110 shares of the scientific and technical instruments company’s stock valued at $280,112,000 after acquiring an additional 136,638 shares during the last quarter. Institutional investors 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.