Analysts Set Allegion plc (NYSE:ALLE) Target Price at $144.60

Shares of Allegion plc (NYSE:ALLE - Get Free Report) have earned a consensus rating of "Reduce" from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $144.60.

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

Insider Activity at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the firm's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares of the company's stock, valued at $1,029,511.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Allegion

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. McClarren Financial Advisors Inc. raised its stake in shares of 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 acquiring an additional 72 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of Allegion by 160.2% during the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock worth $29,000 after purchasing an additional 149 shares in the last quarter. Concord Wealth Partners bought a new position in shares of Allegion during the 3rd quarter worth approximately $29,000. Cromwell Holdings LLC lifted its position in shares of Allegion by 65.2% during the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock worth $34,000 after buying an additional 92 shares during the period. Finally, Gradient Investments LLC bought a new position in shares of Allegion during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Trading Down 1.8 %

ALLE stock traded down $2.55 during trading on Tuesday, hitting $139.78. The company had a trading volume of 1,248,356 shares, compared to its average volume of 715,997. The firm has a market capitalization of $12.22 billion, a P/E ratio of 22.85, a PEG ratio of 4.50 and a beta of 1.12. Allegion has a 52-week low of $95.97 and a 52-week high of $156.10. The company has a 50 day simple moving average of $142.53 and a 200-day simple moving average of $130.25. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40.

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 EPS for the quarter, beating the consensus estimate 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 company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 EPS. As a group, research analysts forecast that Allegion will post 7.26 earnings per share for the current fiscal year.

Allegion Dividend Announcement

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. This represents a $1.92 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, September 20th. Allegion's dividend payout ratio is presently 31.32%.

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.