Allegion plc (NYSE:ALLE) Receives $144.60 Consensus Price Target from Brokerages

Shares of Allegion plc (NYSE:ALLE) have been assigned a consensus rating of “Reduce” from the five analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $144.60.

ALLE has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird boosted their price objective on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Mizuho boosted their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Barclays boosted their price objective on shares of Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at $1,029,511.68. The trade was a 53.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Allegion

Several institutional investors and hedge funds have recently made changes to their positions in ALLE. McClarren Financial Advisors Inc. grew its holdings in shares of Allegion by 61.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 72 shares during the period. Brooklyn Investment Group acquired a new position in shares of Allegion in the 3rd quarter valued at $28,000. Crewe Advisors LLC grew its holdings in shares of Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 149 shares during the period. Concord Wealth Partners acquired a new position in shares of Allegion in the 3rd quarter valued at $29,000. Finally, Cromwell Holdings LLC grew its holdings in shares of Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Up 0.9 %

Shares of ALLE opened at $142.67 on Friday. The company has a market capitalization of $12.40 billion, a P/E ratio of 21.92, a PEG ratio of 3.37 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. Allegion has a one year low of $103.19 and a one year high of $156.10. The business’s 50 day simple moving average is $144.02 and its 200-day simple moving average is $132.37.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The firm had revenue of $967.10 million during the quarter, compared to analysts’ expectations of $970.70 million. During the same quarter in the previous year, the company posted $1.94 EPS. Allegion’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Allegion will post 7.41 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s payout ratio is 29.49%.

About Allegion

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.