Analysts Set Allegion plc (NYSE:ALLE) Price Target at $144.60

Allegion plc (NYSE:ALLE - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the five brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $144.60.

Several analysts have recently commented on the company. Mizuho raised their target price on Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Barclays lifted their target price on Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research note on Monday, October 28th. Robert W. Baird boosted their price target on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their price objective on shares of Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $144.92, for a total value of $1,164,432.20. Following the sale, the senior vice president now directly owns 7,104 shares of the company's stock, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John H. Stone acquired 7,500 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the transaction, the chief executive officer now directly owns 120,481 shares in the company, valued at $16,951,676.70. The trade was a 6.64 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Allegion

A number of institutional investors and hedge funds have recently bought and sold shares of ALLE. McClarren Financial Advisors Inc. increased its position in shares of 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 purchasing an additional 72 shares during the period. TD Private Client Wealth LLC boosted its stake in Allegion by 0.4% during the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company's stock worth $2,871,000 after buying an additional 77 shares in the last quarter. Greenwich Wealth Management LLC increased its holdings in Allegion by 0.5% in the 2nd 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 buying an additional 79 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Allegion by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company's stock valued at $425,000 after buying an additional 82 shares in the last quarter. Finally, Thrive Wealth Management LLC lifted 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 acquiring an additional 88 shares during the period. Institutional investors own 92.21% of the company's stock.

Allegion Trading Down 3.0 %

Shares of Allegion stock traded down $4.16 on Wednesday, reaching $132.48. 896,446 shares of the company were exchanged, compared to its average volume of 728,928. Allegion has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average price of $142.69 and a 200-day moving average price of $134.37.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company had revenue of $967.10 million during the quarter, compared to analysts' expectations of $970.70 million. During the same period last year, the company posted $1.94 earnings per share. The business's revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts expect that Allegion will post 7.41 EPS for the current year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.92 annualized dividend and a yield of 1.45%. Allegion's dividend payout ratio (DPR) is currently 29.49%.

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.