Allegion PLC (NYSE:ALLE) Receives $145.33 Average PT from Brokerages

Allegion PLC (NYSE:ALLE - Get Free Report) has been given a consensus recommendation of "Hold" by the six analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $145.33.

A number of equities analysts have commented on ALLE shares. Barclays increased their target price on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. JPMorgan Chase & Co. started coverage on Allegion in a report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 target price for the company. Finally, Robert W. Baird increased their target price on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th.

Allegion Price Performance

NYSE ALLE traded up $0.16 during trading hours on Friday, reaching $148.11. The company's stock had a trading volume of 411,792 shares, compared to its average volume of 869,165. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 4.15 and a beta of 1.01. Allegion has a 1-year low of $114.04 and a 1-year high of $156.10. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.17 and a quick ratio of 1.51. The company's 50-day moving average is $141.25 and its two-hundred day moving average is $133.28.

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

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. Allegion's dividend payout ratio (DPR) is presently 28.65%.

Institutional Investors Weigh In On Allegion

A number of large investors have recently made changes to their positions in ALLE. Smartleaf Asset Management LLC grew its position in Allegion by 33.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock worth $53,000 after acquiring an additional 101 shares during the period. Jones Financial Companies Lllp grew its position in Allegion by 1,330.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,130 shares of the scientific and technical instruments company's stock worth $148,000 after acquiring an additional 1,051 shares during the period. Assetmark Inc. grew its position in Allegion by 158.9% in the fourth quarter. Assetmark Inc. now owns 23,593 shares of the scientific and technical instruments company's stock worth $3,083,000 after acquiring an additional 14,481 shares during the period. Proficio Capital Partners LLC purchased a new position in Allegion in the fourth quarter worth approximately $2,090,000. Finally, Arizona State Retirement System grew its position in Allegion by 1.0% in the fourth quarter. Arizona State Retirement System now owns 25,307 shares of the scientific and technical instruments company's stock worth $3,307,000 after acquiring an additional 255 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

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.