Analysts Set Allegion plc (NYSE:ALLE) Price Target at $125.67

Allegion plc (NYSE:ALLE - Get Free Report) has earned a consensus rating of "Hold" from the six analysts that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $125.67.

Several equities analysts recently issued reports on the company. StockNews.com raised Allegion from a "hold" rating to a "buy" rating in a research report on Wednesday. Barclays lifted their target price on Allegion from $121.00 to $122.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 2nd. Wells Fargo & Company downgraded shares of Allegion from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $139.00 to $140.00 in a report on Wednesday, February 21st. Finally, Mizuho cut shares of Allegion from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $140.00 to $141.00 in a research note on Friday, February 23rd.

Insider Buying and Selling

In related news, SVP Robert C. Martens sold 5,391 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total value of $716,140.44. Following the transaction, the senior vice president now owns 7,555 shares of the company's stock, valued at $1,003,606.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $129.99, for a total transaction of $656,059.53. Following the transaction, the vice president now owns 35,567 shares of the company's stock, valued at $4,623,354.33. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert C. Martens sold 5,391 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total value of $716,140.44. Following the transaction, the senior vice president now owns 7,555 shares in the company, valued at approximately $1,003,606.20. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Allegion

Several large investors have recently modified their holdings of ALLE. BlackRock Inc. lifted its position in shares of Allegion by 15.8% during the 1st quarter. BlackRock Inc. now owns 8,631,077 shares of the scientific and technical instruments company's stock valued at $921,195,000 after acquiring an additional 1,176,087 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Allegion in the 4th quarter valued at approximately $120,959,000. Norges Bank acquired a new position in Allegion during the fourth quarter worth $110,740,000. Boston Partners boosted its position in Allegion by 17.2% during the third quarter. Boston Partners now owns 5,613,219 shares of the scientific and technical instruments company's stock worth $584,157,000 after purchasing an additional 825,048 shares in the last quarter. Finally, APG Asset Management US Inc. acquired a new stake in Allegion in the fourth quarter valued at $66,449,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Trading Down 1.7 %

ALLE traded down $2.27 during trading hours on Friday, reaching $127.48. 600,046 shares of the company's stock traded hands, compared to its average volume of 730,012. The firm has a 50-day moving average price of $131.03 and a 200 day moving average price of $117.95. The firm has a market capitalization of $11.16 billion, a PE ratio of 20.83, a PEG ratio of 4.65 and a beta of 1.14. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. Allegion has a 52-week low of $95.94 and a 52-week high of $136.91.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.09. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The business had revenue of $897.40 million for the quarter, compared to analyst estimates of $904.17 million. During the same period last year, the company posted $1.60 earnings per share. The company's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that Allegion will post 7.01 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.51%. Allegion's payout ratio is presently 31.37%.

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.