Allegion plc (NYSE:ALLE) Receives Average Recommendation of "Reduce" from Analysts

Shares of Allegion plc (NYSE:ALLE - Get Free Report) have received a consensus recommendation of "Reduce" from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $140.40.

ALLE has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company cut their target price 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. Barclays raised their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday. Robert W. Baird lifted their target price on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday. Finally, StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th.

Allegion Stock Down 1.7 %

Shares of NYSE:ALLE traded down $2.37 during midday trading on Tuesday, reaching $137.15. The company had a trading volume of 504,216 shares, compared to its average volume of 829,411. The stock has a market capitalization of $11.82 billion, a P/E ratio of 20.12, a PEG ratio of 3.97 and a beta of 1.01. The stock's fifty day moving average price is $127.05 and its 200-day moving average price is $133.84. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. Allegion has a one year low of $113.27 and a one year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. Equities research analysts expect that Allegion will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio is 29.91%.

Insiders Place Their Bets

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the sale, the chief accounting officer now owns 4,972 shares of the company's stock, valued at $620,008.40. This trade represents a 7.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the sale, the senior vice president now directly owns 10,273 shares of the company's stock, valued at $1,302,000.02. This represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Institutional Trading of Allegion

Several institutional investors have recently modified their holdings of the company. Douglass Winthrop Advisors LLC lifted its stake in Allegion by 0.4% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock worth $2,911,000 after purchasing an additional 80 shares during the period. Heritage Family Offices LLP boosted its stake in Allegion by 3.2% in the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock valued at $346,000 after buying an additional 82 shares in the last quarter. Waterloo Capital L.P. raised its stake in Allegion by 1.2% during the fourth quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock worth $938,000 after acquiring an additional 83 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Allegion by 2.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,593 shares of the scientific and technical instruments company's stock valued at $469,000 after acquiring an additional 83 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Allegion by 23.2% in the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

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.