Robert W. Baird Increases Allegion (NYSE:ALLE) Price Target to $150.00

Allegion (NYSE:ALLE - Get Free Report) had its price target upped by stock analysts at Robert W. Baird from $144.00 to $150.00 in a report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the scientific and technical instruments company's stock. Robert W. Baird's price objective indicates a potential upside of 8.69% from the stock's previous close.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Barclays increased their price target on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday, April 25th. Wells Fargo & Company decreased their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $140.40.

Allegion Stock Performance

ALLE traded down $0.19 during trading hours on Friday, hitting $138.01. 268,557 shares of the stock were exchanged, compared to its average volume of 829,717. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The stock has a 50-day simple moving average of $127.71 and a 200-day simple moving average of $133.57. Allegion has a 12 month low of $113.27 and a 12 month high of $156.10. The stock has a market cap of $11.89 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. During the same period in the previous year, the firm earned $1.55 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. Analysts anticipate that Allegion will post 7.77 earnings per share for the current year.

Insider Activity at Allegion

In other news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now owns 9,625 shares of the company's stock, valued at $1,205,820. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, the senior vice president now directly owns 10,273 shares in the company, valued at approximately $1,302,000.02. The trade was a 16.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is owned by insiders.

Institutional Trading of Allegion

Hedge funds have recently made changes to their positions in the business. Douglass Winthrop Advisors LLC boosted 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 worth $2,911,000 after acquiring an additional 80 shares in the last quarter. Heritage Family Offices LLP grew its holdings in shares of 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 buying an additional 82 shares during the last quarter. Waterloo Capital L.P. lifted its holdings in shares of Allegion by 1.2% during the fourth quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock worth $938,000 after purchasing an additional 83 shares during the period. Patriot Financial Group Insurance Agency LLC raised 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 purchasing an additional 83 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Allegion by 23.2% in the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock valued at $59,000 after buying an additional 85 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

About Allegion

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.