Allegion plc (NYSE:ALLE) Receives $140.83 Consensus Price Target from Analysts

Allegion plc (NYSE:ALLE) has earned a consensus rating of “Reduce” from the six ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $140.83.

A number of research firms recently commented on ALLE. Barclays dropped their price objective on Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Morgan Stanley began coverage on shares of Allegion in a research note on Monday, January 6th. They set an “equal weight” rating and a $137.00 price objective on the stock. Robert W. Baird boosted their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research note on Tuesday.

Insider Buying and Selling at Allegion

In other 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 value of $1,164,432.20. Following the transaction, the senior vice president now directly owns 7,104 shares in the company, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now directly owns 120,481 shares in the company, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ALLE. McClarren Financial Advisors Inc. increased its stake in Allegion by 61.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $27,000 after buying an additional 72 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Allegion by 0.4% during the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock valued at $2,871,000 after acquiring an additional 77 shares in the last quarter. Greenwich Wealth Management LLC increased its position in shares of Allegion by 0.5% during the second quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock worth $1,761,000 after acquiring an additional 79 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Allegion by 2.9% in the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after acquiring an additional 82 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its holdings in Allegion by 3.2% in the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock valued at $346,000 after purchasing an additional 82 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Up 1.3 %

Shares of NYSE ALLE opened at $132.66 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. The firm’s 50-day moving average is $136.10 and its two-hundred day moving average is $136.14. Allegion has a 12-month low of $113.27 and a 12-month high of $156.10. The company has a market capitalization of $11.53 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.93 and a beta of 1.11.

Allegion (NYSE:ALLE) last announced its earnings results 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. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The firm had revenue of $967.10 million for the quarter, compared to analysts’ expectations of $970.70 million. During the same quarter in the prior year, the firm earned $1.94 EPS. Allegion’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Allegion will post 7.42 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, December 17th. Allegion’s dividend payout ratio (DPR) is 29.49%.

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.