Allegion (NYSE:ALLE - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report released on Friday.
Other equities analysts have also recently issued research reports about the stock. Robert W. Baird lowered their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company lowered their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Morgan Stanley raised their target price on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Barclays cut their price target on shares of Allegion from $134.00 to $130.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $138.33.
Get Our Latest Report on Allegion
Allegion Price Performance
Shares of ALLE traded down $6.14 during mid-day trading on Friday, hitting $126.17. 1,178,466 shares of the company were exchanged, compared to its average volume of 713,214. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. Allegion has a 1-year low of $113.27 and a 1-year high of $156.10. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The company has a 50 day moving average of $130.05 and a 200-day moving average of $137.13.
Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Analysts expect that Allegion will post 7.77 EPS for the current fiscal year.
Insider Buying and Selling
In other Allegion news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David S. Ilardi sold 789 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Allegion in the third quarter valued at $28,000. Millstone Evans Group LLC acquired a new stake in shares of Allegion in the 4th quarter valued at about $28,000. Colonial Trust Co SC grew its stake in Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after buying an additional 164 shares during the last quarter. Atala Financial Inc acquired a new position in Allegion during the fourth quarter worth approximately $35,000. Finally, GeoWealth Management LLC lifted its stake 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 buying an additional 223 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.
About Allegion
(
Get Free Report)
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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