Allegion PLC (NYSE:ALLE) Given Consensus Rating of “Hold” by Analysts

Allegion PLC (NYSE:ALLE) has received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $165.88.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Allegion from $150.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Bank of America raised shares of Allegion from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $175.00 in a research note on Tuesday. The Goldman Sachs Group increased their price objective on Allegion from $149.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Morgan Stanley boosted their target price on Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Finally, Barclays raised their price target on Allegion from $135.00 to $156.00 and gave the stock an “underweight” rating in a research note on Friday, July 25th.

Allegion Trading Up 0.4%

NYSE ALLE opened at $164.81 on Thursday. The firm’s 50 day moving average price is $145.80 and its two-hundred day moving average price is $136.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. Allegion has a twelve month low of $116.57 and a twelve month high of $166.22. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 3.96 and a beta of 1.01.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%. Allegion’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 earnings per share. Equities analysts anticipate that Allegion will post 7.77 EPS for the current year.

Insiders Place Their Bets

In other Allegion news, SVP Tracy L. Kemp sold 3,849 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the completion of the sale, the senior vice president owned 8,773 shares of the company’s stock, valued at $1,446,843.16. This represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Allegion

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position 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 period. Kayne Anderson Rudnick Investment Management LLC raised its stake in Allegion by 22.5% during the 1st 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 purchasing an additional 878,796 shares during the last quarter. Boston Partners boosted its holdings in Allegion by 0.8% in the 1st quarter. Boston Partners now owns 4,752,391 shares of the scientific and technical instruments company’s stock valued at $619,700,000 after purchasing an additional 35,635 shares during the period. Geode Capital Management LLC grew its position in Allegion by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company’s stock worth $280,607,000 after purchasing an additional 41,417 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Allegion by 6.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,147,110 shares of the scientific and technical instruments company’s stock worth $280,112,000 after purchasing an additional 136,638 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.