Allegion (NYSE:ALLE - Free Report) had its price target hoisted by The Goldman Sachs Group from $149.00 to $170.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the scientific and technical instruments company's stock.
ALLE has been the topic of several other research reports. Robert W. Baird lifted their price target on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Barclays lifted their price target on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Allegion in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $148.86.
Check Out Our Latest Report on Allegion
Allegion Stock Performance
Shares of ALLE traded up $0.49 during mid-day trading on Tuesday, reaching $148.64. 960,763 shares of the company's stock traded hands, compared to its average volume of 870,550. The business's 50-day moving average price is $141.68 and its 200-day moving average price is $133.52. The stock has a market capitalization of $12.79 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 4.13 and a beta of 1.01. 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 has a 12 month low of $114.04 and a 12 month high of $156.10.
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, beating analysts' consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 44.82% and a net margin of 16.28%. The company had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. During the same quarter in the previous year, the company posted $1.55 earnings per share. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that Allegion will post 7.77 earnings per share 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 issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, June 13th. Allegion's dividend payout ratio is currently 28.65%.
Hedge Funds Weigh In On Allegion
Institutional investors and hedge funds have recently modified their holdings of the stock. Millstone Evans Group LLC purchased a new position in shares of Allegion during the 4th quarter valued at $28,000. Wayfinding Financial LLC purchased a new position in shares of Allegion during the 1st quarter valued at $30,000. Colonial Trust Co SC grew its holdings in shares of Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after acquiring an additional 164 shares in the last quarter. Atala Financial Inc purchased a new position in shares of Allegion during the 4th quarter valued at $35,000. Finally, Garde Capital Inc. purchased a new position in shares of Allegion during the 1st quarter valued at $36,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Allegion Company Profile
(
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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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