Allegion plc (NYSE:ALLE) Receives Consensus Rating of “Reduce” from Analysts

Allegion plc (NYSE:ALLE) has been given a consensus recommendation of “Reduce” by the five analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $144.60.

A number of brokerages recently commented on ALLE. Barclays increased their price target on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Wells Fargo & Company increased their price target on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird boosted their price target on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.

Insider Activity

In other news, CEO John H. Stone acquired 7,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the purchase, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert C. Martens sold 8,035 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the transaction, the senior vice president now directly owns 7,104 shares of the company’s stock, valued at $1,029,511.68. The trade was a 53.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Institutional Trading of Allegion

Large investors have recently made changes to their positions in the company. McClarren Financial Advisors Inc. lifted its holdings in Allegion by 61.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Allegion in the third quarter worth about $28,000. Concord Wealth Partners acquired a new position in Allegion during the third quarter worth about $29,000. Cromwell Holdings LLC grew its stake in Allegion by 65.2% during the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 92 shares in the last quarter. Finally, Crewe Advisors LLC raised its holdings in Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 149 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Price Performance

Shares of ALLE opened at $132.18 on Wednesday. The company has a market capitalization of $11.49 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. Allegion has a twelve month low of $113.27 and a twelve month high of $156.10. The firm has a 50 day moving average of $141.83 and a 200 day moving average of $134.64.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.98 by $0.18. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The firm had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. During the same period in the prior year, the business posted $1.94 EPS. Allegion’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Allegion will post 7.41 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, December 17th. Allegion’s dividend payout ratio (DPR) is 29.49%.

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.