Allegion (NYSE:ALLE) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. began coverage on shares of Allegion (NYSE:ALLE - Get Free Report) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm set an "overweight" rating and a $170.00 price target on the scientific and technical instruments company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 18.57% from the company's previous close.

Several other brokerages have also issued reports on ALLE. Robert W. Baird increased their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Barclays boosted their price target on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. Finally, Wall Street Zen lowered shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $145.33.

Allegion Trading Down 0.0%

ALLE stock traded down $0.02 during trading on Tuesday, hitting $143.38. The company had a trading volume of 303,370 shares, compared to its average volume of 873,134. The stock has a market cap of $12.34 billion, a PE ratio of 20.14, a PEG ratio of 4.02 and a beta of 1.02. The business has a 50-day moving average of $138.88 and a 200-day moving average of $132.94. The company has a current ratio of 2.17, a quick ratio of 1.51 and a debt-to-equity ratio of 1.23. Allegion has a one year low of $113.27 and a one year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a return on equity of 44.82% and a net margin of 16.28%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 EPS. Research analysts predict that Allegion will post 7.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allegion

Hedge funds have recently modified their holdings of the company. Avantax Advisory Services Inc. lifted its holdings in Allegion by 1.8% during the first quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company's stock worth $545,000 after acquiring an additional 73 shares during the period. Douglass Winthrop Advisors LLC increased its position in shares of Allegion by 0.4% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after purchasing an additional 80 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Allegion by 16.6% during the 1st quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company's stock worth $75,000 after purchasing an additional 82 shares during the period. Waterloo Capital L.P. boosted its holdings in shares of Allegion by 1.2% in the 4th quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock worth $938,000 after buying an additional 83 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in Allegion by 2.4% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,593 shares of the scientific and technical instruments company's stock worth $469,000 after buying an additional 83 shares during the last quarter. 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.