Shares of Allegion PLC (NYSE:ALLE) have been assigned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $79.00.
ALLE has been the subject of a number of recent analyst reports. Credit Suisse Group AG reissued a “buy” rating and set a $79.00 price target on shares of Allegion PLC in a research report on Friday, February 10th. Zacks Investment Research downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Imperial Capital raised their price target on shares of Allegion PLC from $72.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Allegion PLC in a research report on Thursday, December 15th.
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In other news, insider Tracy L. Kemp sold 7,786 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $72.92, for a total transaction of $567,755.12. Following the completion of the sale, the insider now owns 14,636 shares of the company’s stock, valued at $1,067,257.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy P. Eckersley sold 24,557 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $71.90, for a total transaction of $1,765,648.30. Following the sale, the insider now directly owns 61,416 shares of the company’s stock, valued at approximately $4,415,810.40. The disclosure for this sale can be found here. Insiders have sold 36,606 shares of company stock valued at $2,637,185 in the last three months. Corporate insiders own 0.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Allegion PLC during the fourth quarter worth approximately $41,760,000. Thrivent Financial for Lutherans increased its position in Allegion PLC by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,301 shares of the company’s stock worth $211,000 after buying an additional 170 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Allegion PLC during the fourth quarter worth approximately $5,284,000. Biegel & Waller LLC acquired a new position in Allegion PLC during the fourth quarter worth approximately $655,000. Finally, United Capital Financial Advisers LLC acquired a new position in Allegion PLC during the fourth quarter worth approximately $574,000. 90.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Allegion PLC (NYSE:ALLE) opened at 75.23 on Tuesday. The stock has a market cap of $7.18 billion, a P/E ratio of 31.88 and a beta of 1.07. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $75.68. The company has a 50-day moving average of $71.69 and a 200 day moving average of $67.99.
Allegion PLC (NYSE:ALLE) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by $0.06. Allegion PLC had a return on equity of 263.12% and a net margin of 10.24%. The company had revenue of $569.70 million for the quarter, compared to analyst estimates of $573.26 million. During the same period in the previous year, the business posted $0.89 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Allegion PLC will post $3.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from Allegion PLC’s previous quarterly dividend of $0.12. Allegion PLC’s dividend payout ratio (DPR) is presently 20.25%.
Allegion PLC Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. It operates through three segments: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company’s products include door closers and controls, electronic security products, exit devices, time, attendance and workforce productivity systems, door and door frames (steel), electronic and biometric access control systems, locks, locksets and key systems, and other accessories.
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