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.
View Our Latest Research Report on Allegion
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
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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.
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