Robert W. Baird Raises Allegion (NYSE:ALLE) Price Target to $152.00

Allegion (NYSE:ALLE) had its price objective upped by analysts at Robert W. Baird from $145.00 to $152.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s price target indicates a potential upside of 6.59% from the company’s previous close.

ALLE has been the subject of a number of other reports. Mizuho upped their price target on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Wells Fargo & Company raised their price objective on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Barclays lifted 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.20.

Allegion Stock Performance

Allegion stock opened at $142.60 on Friday. Allegion has a 1 year low of $95.97 and a 1 year high of $156.10. The company’s 50-day moving average is $142.34 and its two-hundred day moving average is $130.15. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The company has a market cap of $12.47 billion, a PE ratio of 23.26, a PEG ratio of 4.50 and a beta of 1.12.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. The firm had revenue of $967.10 million for the quarter, compared to analysts’ expectations of $970.70 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. Equities analysts anticipate that Allegion will post 7.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. McClarren Financial Advisors Inc. raised its stake in 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 acquiring an additional 72 shares during the period. Greenwich Wealth Management LLC raised its position in shares of Allegion by 0.5% in the second quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock valued at $1,761,000 after purchasing an additional 79 shares during the period. Thrive Wealth Management LLC boosted its holdings in shares of Allegion by 5.0% during the 3rd quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock worth $269,000 after buying an additional 88 shares during the period. Crossmark Global Holdings Inc. grew its stake in Allegion by 3.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock valued at $310,000 after buying an additional 92 shares during the last quarter. Finally, Cromwell Holdings LLC grew its stake in 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 last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.