Allegion (NYSE:ALLE) Rating Lowered to Hold at StockNews.com

StockNews.com cut shares of Allegion (NYSE:ALLE) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Several other equities analysts also recently commented on ALLE. Morgan Stanley assumed coverage on shares of Allegion in a research report on Monday, January 6th. They set an “equal weight” rating and a $137.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Mizuho increased their target price on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird raised their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Barclays lowered their price target on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.83.

Allegion Trading Up 0.3 %

Allegion stock opened at $133.51 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 company has a market capitalization of $11.61 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 3.19 and a beta of 1.11. Allegion has a one year low of $113.27 and a one year high of $156.10. The company’s fifty day moving average price is $132.30 and its two-hundred day moving average price is $137.41.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.51 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, March 14th. Allegion’s dividend payout ratio (DPR) is currently 29.49%.

Insider Activity at Allegion

In related news, CEO John H. Stone bought 7,500 shares of Allegion stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the purchase, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Allegion

Several hedge funds have recently made changes to their positions in the stock. McClarren Financial Advisors Inc. lifted its stake in shares of Allegion by 61.0% in the third 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 period. TD Private Client Wealth LLC lifted its stake in 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 worth $2,871,000 after purchasing an additional 77 shares during the period. Douglass Winthrop Advisors LLC lifted its stake in Allegion by 0.4% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company’s stock worth $2,911,000 after purchasing an additional 80 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 worth $425,000 after purchasing an additional 82 shares during the period. Finally, Heritage Family Offices LLP lifted its stake in Allegion by 3.2% during the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 82 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.