Allegion (NYSE:ALLE) PT Raised to $150.00 at Mizuho

Allegion (NYSE:ALLE - Free Report) had its target price upped by Mizuho from $135.00 to $150.00 in a research note released on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the scientific and technical instruments company's stock.

A number of other research firms also recently issued reports on ALLE. Barclays boosted their price target on shares of Allegion from $117.00 to $135.00 and gave the company an "underweight" rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Allegion from a "hold" rating to a "buy" rating in a research note on Saturday, July 27th. Finally, Wells Fargo & Company boosted their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Allegion presently has an average rating of "Hold" and an average target price of $133.80.

Allegion Trading Up 1.0 %

ALLE stock traded up $1.58 during trading on Thursday, reaching $152.51. 780,002 shares of the stock were exchanged, compared to its average volume of 698,816. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The business has a 50 day moving average price of $139.64 and a 200-day moving average price of $129.30. Allegion has a 1 year low of $95.94 and a 1 year high of $152.94. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 4.50 and a beta of 1.12.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $965.60 million for the quarter, compared to the consensus estimate of $953.63 million. During the same period in the previous year, the firm earned $1.76 earnings per share. Allegion's quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts predict that Allegion will post 7.26 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, September 20th. Allegion's dividend payout ratio (DPR) is currently 31.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its holdings in Allegion by 483.1% during the 2nd quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company's stock worth $60,914,000 after acquiring an additional 427,146 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Allegion during the 2nd quarter worth approximately $27,056,000. AXA S.A. grew its holdings in Allegion by 83.6% during the 2nd quarter. AXA S.A. now owns 331,605 shares of the scientific and technical instruments company's stock worth $39,179,000 after acquiring an additional 151,013 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Allegion by 7.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,672,237 shares of the scientific and technical instruments company's stock worth $197,575,000 after acquiring an additional 120,870 shares in the last quarter. Finally, Distillate Capital Partners LLC acquired a new position in Allegion during the 2nd quarter worth approximately $13,662,000. 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.