Allegion (NYSE:ALLE - Get Free Report) had its target price lifted by stock analysts at Barclays from $128.00 to $135.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an "underweight" rating on the scientific and technical instruments company's stock. Barclays's price target would indicate a potential downside of 9.27% from the stock's current price.
ALLE has been the topic of several other research reports. JPMorgan Chase & Co. began coverage on shares of Allegion in a report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price target on the stock. The Goldman Sachs Group boosted their target price on shares of Allegion from $149.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $151.57.
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Allegion Stock Performance
Allegion stock traded down $2.73 on Wednesday, hitting $148.80. The company's stock had a trading volume of 876,106 shares, compared to its average volume of 872,219. The firm has a market cap of $12.80 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 3.83 and a beta of 1.01. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23. The company has a fifty day moving average price of $142.31 and a 200-day moving average price of $133.88. Allegion has a one year low of $116.57 and a one year high of $156.10.
Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.18. The firm had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a net margin of 16.28% and a return on equity of 44.82%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. On average, equities analysts anticipate that Allegion will post 7.77 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in ALLE. Jones Financial Companies Lllp lifted its position in Allegion by 1,330.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,130 shares of the scientific and technical instruments company's stock worth $148,000 after buying an additional 1,051 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Allegion during the 4th quarter worth about $2,090,000. PNC Financial Services Group Inc. lifted its position in Allegion by 2.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 22,317 shares of the scientific and technical instruments company's stock worth $2,916,000 after buying an additional 613 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Allegion by 0.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,553 shares of the scientific and technical instruments company's stock worth $3,993,000 after buying an additional 210 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in Allegion by 73.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company's stock worth $2,452,000 after buying an additional 7,950 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
About Allegion
(
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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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