Allegion plc (NYSE:ALLE) Receives Consensus Rating of "Reduce" from Analysts

Allegion plc (NYSE:ALLE - Get Free Report) has been given an average recommendation of "Reduce" by the five research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $144.60.

ALLE has been the subject of several recent research reports. Barclays boosted their price target on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a report on Monday, October 28th. StockNews.com upgraded Allegion from a "hold" rating to a "buy" rating in a research note on Saturday, July 27th. Mizuho increased their price target on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Robert W. Baird boosted their price objective on shares of Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on shares of Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th.

Insider Transactions at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of the company's stock in a transaction on Friday, October 25th. The shares were 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 $1,029,511.68. This represents a 53.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company's stock.

Institutional Trading of Allegion

A number of hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC purchased a new position in shares of Allegion in the 3rd quarter valued at about $71,000. Virtu Financial LLC acquired a new stake in Allegion in the third quarter valued at approximately $920,000. TD Private Client Wealth LLC increased its position in shares of Allegion by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company's stock valued at $2,871,000 after buying an additional 77 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Allegion by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company's stock worth $306,699,000 after buying an additional 8,023 shares during the period. Finally, Foyston Gordon & Payne Inc lifted its position in shares of Allegion by 8.0% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 64,655 shares of the scientific and technical instruments company's stock valued at $9,423,000 after buying an additional 4,762 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Trading Down 0.0 %

NYSE:ALLE traded down $0.03 during midday trading on Friday, hitting $141.38. The stock had a trading volume of 639,113 shares, compared to its average volume of 877,676. The stock has a 50-day moving average of $144.02 and a 200 day moving average of $132.26. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 3.37 and a beta of 1.11. Allegion has a one year low of $103.19 and a one year high of $156.10. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The business's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 EPS. As a group, sell-side analysts forecast that Allegion will post 7.41 EPS for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.48 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.36%. Allegion's dividend payout ratio 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.