Allegion plc (NYSE:ALLE – Get Free Report) announced a quarterly dividend on Thursday, September 5th, RTT News reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.48 per share by the scientific and technical instruments company on Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, September 20th.
Allegion has raised its dividend payment by an average of 12.0% annually over the last three years. Allegion has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Allegion to earn $7.55 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 25.4%.
Allegion Price Performance
Shares of ALLE stock opened at $143.39 on Thursday. The business has a fifty day simple moving average of $133.07 and a 200 day simple moving average of $127.44. The company has a market cap of $12.54 billion, a P/E ratio of 23.39, a P/E/G ratio of 4.21 and a beta of 1.12. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. Allegion has a twelve month low of $95.94 and a twelve month high of $146.41.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Wells Fargo & Company upped their target price on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Barclays increased their target price on Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $125.40.
Read Our Latest Stock Report on ALLE
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.
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