Robert W. Baird Raises Allegion (NYSE:ALLE) Price Target to $152.00

Allegion (NYSE:ALLE - Free Report) had its price objective upped by Robert W. Baird from $145.00 to $152.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the scientific and technical instruments company's stock.

Several other analysts have also weighed in on ALLE. StockNews.com raised shares of Allegion from a "hold" rating to a "buy" rating in a report on Saturday, July 27th. Mizuho raised their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Wells Fargo & Company raised their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Finally, Barclays raised their price objective on shares of Allegion from $117.00 to $135.00 and gave the stock an "underweight" rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Allegion has a consensus rating of "Hold" and an average target price of $144.20.

Allegion Stock Down 1.8 %

NYSE:ALLE traded down $2.67 during trading hours on Friday, reaching $142.60. The company's stock had a trading volume of 1,143,828 shares, compared to its average volume of 710,108. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 23.58, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. Allegion has a one year low of $95.97 and a one year high of $156.10. The business's 50-day moving average is $142.11 and its 200-day moving average is $130.11. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. Equities research analysts predict that Allegion will post 7.26 EPS for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 1.35%. Allegion's payout ratio is 31.32%.

Institutional Investors Weigh In On Allegion

Institutional investors and hedge funds have recently modified their holdings of the company. McClarren Financial Advisors Inc. grew its stake in Allegion by 61.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 72 shares during the last quarter. Crewe Advisors LLC grew its stake in Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock valued at $29,000 after buying an additional 149 shares during the last quarter. Concord Wealth Partners acquired a new position in Allegion in the 3rd quarter valued at about $29,000. Cromwell Holdings LLC grew its stake in Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock valued at $34,000 after buying an additional 92 shares during the last quarter. Finally, Gradient Investments LLC acquired a new position in Allegion in the 2nd quarter valued at about $38,000. 92.21% of the stock is owned by institutional investors.

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.