Allegion (NYSE:ALLE - Get Free Report) had its target price increased by equities research analysts at Morgan Stanley from $139.00 to $151.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "equal weight" rating on the scientific and technical instruments company's stock. Morgan Stanley's price target suggests a potential upside of 1.75% from the stock's current price.
ALLE has been the subject of several other research reports. Robert W. Baird lifted their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. The Goldman Sachs Group boosted their target price on Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. assumed coverage on Allegion in a research report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 target price for the company. Finally, Barclays boosted their target price on Allegion from $128.00 to $135.00 and gave the stock an "underweight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Allegion has a consensus rating of "Hold" and an average price target of $151.57.
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Allegion Stock Performance
Shares of NYSE:ALLE traded down $3.13 during trading on Friday, hitting $148.40. 186,470 shares of the stock were exchanged, compared to its average volume of 869,027. Allegion has a 1-year low of $116.57 and a 1-year high of $156.10. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 3.79 and a beta of 1.01. The company's fifty day simple moving average is $142.15 and its 200-day simple moving average is $133.77. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.51 and a current ratio of 2.17.
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 EPS for the quarter, beating the consensus estimate of $1.68 by $0.18. The business had revenue of $941.90 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 EPS. Sell-side analysts expect that Allegion will post 7.77 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Millstone Evans Group LLC bought a new stake in Allegion in the fourth quarter valued at approximately $28,000. Wayfinding Financial LLC bought a new stake in Allegion in the first quarter valued at approximately $30,000. Colonial Trust Co SC raised its stake in Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after buying an additional 164 shares during the period. Atala Financial Inc bought a new stake in Allegion in the fourth quarter valued at approximately $35,000. Finally, Garde Capital Inc. bought a new stake in Allegion in the first quarter valued at approximately $36,000. 92.21% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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