Allegion (NYSE:ALLE) PT Raised to $150.00

Allegion (NYSE:ALLE) had its target price boosted by Mizuho from $135.00 to $150.00 in a research report released on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the scientific and technical instruments company’s stock.

Several other research firms also recently issued reports on ALLE. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Barclays increased their price objective on Allegion from $117.00 to $135.00 and gave the company an “underweight” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company lifted their target price on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Allegion presently has a consensus rating of “Hold” and an average target price of $142.25.

Allegion Trading Up 0.6 %

Allegion stock opened at $153.36 on Thursday. Allegion has a one year low of $95.94 and a one year high of $156.10. The stock has a market cap of $13.41 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66. The stock has a 50-day moving average of $140.59 and a two-hundred day moving average of $129.58.

Allegion (NYSE:ALLE) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $965.60 million during the quarter, compared to analysts’ expectations of $953.63 million. During the same period last year, the business earned $1.76 EPS. Allegion’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Allegion will post 7.26 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently declared 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 yield of 1.25%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s dividend payout ratio is currently 31.32%.

Institutional Trading of Allegion

A number of hedge funds have recently modified their holdings of the stock. McClarren Financial Advisors Inc. raised its position in Allegion by 61.0% during the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Crewe Advisors LLC lifted its stake 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 purchasing an additional 149 shares during the period. Gradient Investments LLC purchased a new stake in Allegion during the second quarter worth $38,000. Kimelman & Baird LLC acquired a new stake in Allegion during the second quarter valued at $39,000. Finally, Blue Trust Inc. raised its position in shares of Allegion by 54.0% in the second quarter. Blue Trust Inc. now owns 345 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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.