Allegion plc (NYSE:ALLE) Given Average Rating of "Reduce" by Analysts

Shares of Allegion plc (NYSE:ALLE - Get Free Report) have earned an average rating of "Reduce" from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $140.40.

Several research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays lifted their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday. Wells Fargo & Company reduced their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Morgan Stanley raised their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th.

Allegion Price Performance

Shares of Allegion stock traded down $3.01 on Tuesday, reaching $136.50. The stock had a trading volume of 1,052,862 shares, compared to its average volume of 831,108. The business's 50 day moving average is $127.27 and its two-hundred day moving average is $133.78. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion has a 1 year low of $113.27 and a 1 year high of $156.10. The company has a market cap of $11.76 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.18. The business had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. As a group, research analysts anticipate that Allegion will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio is 29.91%.

Insider Buying and Selling at Allegion

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

Hedge Funds Weigh In On Allegion

Several hedge funds and other institutional investors have recently modified their holdings of ALLE. Barclays PLC lifted its stake in shares of Allegion by 28.9% in the 3rd quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company's stock valued at $37,861,000 after purchasing an additional 58,268 shares during the period. Virtu Financial LLC purchased a new position in Allegion during the third quarter valued at $920,000. Anchor Investment Management LLC bought a new stake in shares of Allegion during the 3rd quarter valued at $71,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Allegion in the 3rd quarter worth about $311,000. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Allegion in the 3rd quarter worth about $15,508,000. Hedge funds and other 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.