Allegion (NYSE:ALLE) Stock Price Expected to Rise, Barclays Analyst Says

Allegion (NYSE:ALLE - Free Report) had its target price increased by Barclays from $126.00 to $128.00 in a report published on Friday morning,Benzinga reports. They currently have an underweight rating on the scientific and technical instruments company's stock.

ALLE has been the topic of a number of other research reports. Wells Fargo & Company reduced their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Robert W. Baird reduced their price objective on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, Morgan Stanley lifted their target price on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, Allegion presently has an average rating of "Hold" and a consensus target price of $140.40.

Allegion Price Performance

Shares of NYSE:ALLE traded up $0.81 during trading on Friday, reaching $137.30. The stock had a trading volume of 918,573 shares, compared to its average volume of 830,881. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The business has a fifty day moving average price of $127.27 and a 200-day moving average price of $133.61. The stock has a market cap of $11.83 billion, a PE ratio of 20.13, a PEG ratio of 3.97 and a beta of 1.01. Allegion has a 1-year low of $113.27 and a 1-year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. During the same period in the previous year, the company posted $1.55 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. On average, equities analysts forecast that Allegion will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.49%. Allegion's dividend payout ratio is presently 28.65%.

Insider Activity at Allegion

In related news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the sale, the senior vice president now owns 9,625 shares in the company, valued at approximately $1,205,820. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregg C. Sengstack purchased 8,000 shares of Allegion stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at $1,001,920. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of Allegion

A number of large investors have recently made changes to their positions in ALLE. Millstone Evans Group LLC acquired a new stake in Allegion in the fourth quarter valued at approximately $28,000. Colonial Trust Co SC raised its holdings in Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after acquiring an additional 164 shares in the last quarter. Atala Financial Inc acquired a new stake in Allegion in the fourth quarter valued at approximately $35,000. Garde Capital Inc. acquired a new stake in Allegion in the first quarter valued at approximately $36,000. Finally, GeoWealth Management LLC raised its holdings in Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after acquiring an additional 223 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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.