Allegion plc (NYSE:ALLE) Receives Consensus Rating of "Reduce" from Brokerages

Allegion plc (NYSE:ALLE - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $140.40.

ALLE has been the subject of a number of research reports. Robert W. Baird boosted their target price on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley boosted their target price on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Barclays boosted their target price 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, Wells Fargo & Company decreased their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th.

Allegion Price Performance

Shares of NYSE ALLE opened at $145.71 on Friday. Allegion has a twelve month low of $113.27 and a twelve month high of $156.10. The firm has a market cap of $12.54 billion, a P/E ratio of 21.37, a PEG ratio of 3.97 and a beta of 1.02. The company has a 50 day moving average of $130.80 and a 200 day moving average of $133.02. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data 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. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. During the same period in the previous year, the business earned $1.55 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts expect that Allegion will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. Allegion's dividend payout ratio (DPR) is 28.65%.

Insider Transactions at Allegion

In related news, Director Gregg C. Sengstack acquired 8,000 shares of Allegion stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the purchase, the director now directly owns 8,000 shares of the company's stock, valued at approximately $1,001,920. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares of the company's stock, valued at $620,008.40. This trade represents a 7.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock worth $406,636 in the last three months. Corporate insiders own 0.33% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millstone Evans Group LLC bought a new position in Allegion in the 4th quarter worth $28,000. Wayfinding Financial LLC bought a new position in Allegion in the 1st quarter worth $30,000. Colonial Trust Co SC boosted its holdings in Allegion by 192.9% in the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after buying an additional 164 shares during the period. Atala Financial Inc bought a new position in Allegion in the 4th quarter worth $35,000. Finally, Garde Capital Inc. bought a new position in Allegion in the 1st quarter worth $36,000. Institutional investors own 92.21% of the company's stock.

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.

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