Allegion plc (NYSE:ALLE) Given Average Rating of “Moderate Buy” by Brokerages

Allegion plc (NYSE:ALLE) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $121.14.

Several research analysts recently weighed in on the stock. Longbow Research cut shares of Allegion from a “buy” rating to a “neutral” rating in a research report on Wednesday, September 6th. Robert W. Baird upped their target price on Allegion from $126.00 to $132.00 in a research note on Thursday, July 27th. Vertical Research lowered Allegion from a “buy” rating to a “hold” rating and cut their target price for the stock from $128.00 to $100.00 in a research note on Thursday, October 19th. Wells Fargo & Company cut their target price on Allegion from $130.00 to $120.00 in a research note on Monday, October 9th. Finally, StockNews.com assumed coverage on Allegion in a research note on Thursday, October 5th. They issued a “hold” rating for the company.

Institutional Trading of Allegion

A number of institutional investors have recently made changes to their positions in ALLE. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Allegion by 27.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,068 shares of the scientific and technical instruments company’s stock valued at $996,000 after purchasing an additional 1,944 shares during the period. American Century Companies Inc. lifted its stake in Allegion by 11.8% in the first quarter. American Century Companies Inc. now owns 5,825 shares of the scientific and technical instruments company’s stock worth $639,000 after acquiring an additional 614 shares during the period. HighTower Advisors LLC lifted its stake in Allegion by 7.9% in the first quarter. HighTower Advisors LLC now owns 6,947 shares of the scientific and technical instruments company’s stock worth $759,000 after acquiring an additional 510 shares during the period. Private Advisor Group LLC lifted its stake in Allegion by 35.2% in the first quarter. Private Advisor Group LLC now owns 2,090 shares of the scientific and technical instruments company’s stock worth $229,000 after acquiring an additional 544 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Allegion by 88.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,336 shares of the scientific and technical instruments company’s stock worth $366,000 after acquiring an additional 1,564 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 0.6 %

Shares of ALLE opened at $105.74 on Tuesday. The company has a quick ratio of 1.31, a current ratio of 2.03 and a debt-to-equity ratio of 1.63. The business’s 50-day moving average price is $102.72 and its 200-day moving average price is $109.77. The stock has a market cap of $9.28 billion, a PE ratio of 16.76, a P/E/G ratio of 2.63 and a beta of 1.13. Allegion has a twelve month low of $95.94 and a twelve month high of $128.36.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Tuesday, October 31st. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.21. The company had revenue of $917.90 million for the quarter, compared to analysts’ expectations of $908.93 million. Allegion had a net margin of 15.41% and a return on equity of 55.71%. Allegion’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 earnings per share. On average, equities analysts forecast that Allegion will post 6.85 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, September 15th. Allegion’s dividend payout ratio (DPR) is presently 28.53%.

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.