Brokerages Set Allegion plc (NYSE:ALLE) Target Price at $138.33

Allegion plc (NYSE:ALLE) has received a consensus rating of “Reduce” from the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $138.33.

ALLE has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Barclays cut their target price on Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird cut their target price on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th.

Allegion Stock Up 3.1 %

Allegion stock opened at $131.36 on Monday. Allegion has a 1-year low of $113.27 and a 1-year high of $156.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The stock has a market cap of $11.33 billion, a PE ratio of 19.26, a P/E/G ratio of 3.97 and a beta of 1.11. The stock’s fifty day moving average is $130.02 and its two-hundred day moving average is $137.15.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. On average, sell-side analysts expect that Allegion will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.55%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is currently 29.91%.

Insider Buying and Selling

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the sale, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares in the company, valued at $1,205,820. This represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Allegion

A number of institutional investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Allegion in the 4th quarter valued at approximately $25,843,000. Azzad Asset Management Inc. ADV boosted its stake in shares of Allegion by 3.4% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 26,213 shares of the scientific and technical instruments company’s stock worth $3,426,000 after acquiring an additional 852 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Allegion during the 4th quarter worth approximately $1,329,000. Mackenzie Financial Corp boosted its stake in shares of Allegion by 270.6% during the 4th quarter. Mackenzie Financial Corp now owns 10,346 shares of the scientific and technical instruments company’s stock worth $1,352,000 after acquiring an additional 7,554 shares in the last quarter. Finally, Amiral Gestion purchased a new stake in shares of Allegion during the 4th quarter worth approximately $2,125,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Company Profile

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.