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

Shares of Allegion plc (NYSE:ALLE) have been given a consensus rating of “Reduce” by the five ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $144.60.

A number of equities analysts have commented on the stock. Mizuho lifted 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. Robert W. Baird boosted their price objective on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their target price 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 upped their target price on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th.

Allegion Price Performance

ALLE opened at $141.42 on Friday. The company has a market capitalization of $12.29 billion, a P/E ratio of 21.72, a PEG ratio of 3.40 and a beta of 1.11. The company has a 50-day moving average of $143.92 and a 200-day moving average of $132.66. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. Allegion has a 1-year low of $103.19 and a 1-year high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $970.70 million. During the same period in the previous year, the company earned $1.94 earnings per share. Allegion’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts expect that Allegion will post 7.41 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is 29.49%.

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 on 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 transaction, the senior vice president now directly owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Allegion

Institutional investors and hedge funds have recently bought and sold shares of the stock. McClarren Financial Advisors Inc. lifted 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 worth $27,000 after acquiring an additional 72 shares during the period. TD Private Client Wealth LLC increased its stake in Allegion by 0.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock worth $2,871,000 after purchasing an additional 77 shares in the last quarter. Greenwich Wealth Management LLC raised its holdings in Allegion by 0.5% during the 2nd quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock worth $1,761,000 after buying an additional 79 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Allegion by 2.9% during the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 82 shares in the last quarter. Finally, Thrive Wealth Management LLC boosted its holdings in shares of Allegion by 5.0% in the third quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock worth $269,000 after buying an additional 88 shares during the period. Institutional investors 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.