Allegion (ALLE) Projected to Post Earnings on Tuesday

Allegion (NYSE:ALLE) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $938.91 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Allegion Trading Up 0.3 %

Shares of ALLE stock opened at $133.51 on Friday. The firm has a market capitalization of $11.61 billion, a P/E ratio of 20.51, a P/E/G ratio of 3.19 and a beta of 1.11. Allegion has a twelve month low of $113.27 and a twelve month high of $156.10. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The stock’s fifty day simple moving average is $132.30 and its 200 day simple moving average is $137.40.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.53%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s payout ratio is currently 31.34%.

Insider Activity

In other Allegion news, CEO John H. Stone acquired 7,500 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the purchase, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on ALLE. Robert W. Baird upped their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Morgan Stanley began coverage on Allegion in a research report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price target on the stock. Wells Fargo & Company reduced their price target on Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Barclays reduced their price target on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.83.

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.