Allegion (NYSE:ALLE) PT Raised to $137.00 at Barclays

Allegion (NYSE:ALLE) had its price objective increased by stock analysts at Barclays from $135.00 to $137.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the scientific and technical instruments company’s stock. Barclays‘s target price suggests a potential downside of 4.96% from the company’s current price.

ALLE has been the subject of several other reports. Mizuho lifted their target price on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Wells Fargo & Company raised their price target on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Robert W. Baird upped their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Allegion presently has a consensus rating of “Hold” and a consensus target price of $144.60.

Allegion Stock Up 1.1 %

Shares of ALLE stock traded up $1.55 during midday trading on Monday, reaching $144.15. 20,211 shares of the stock were exchanged, compared to its average volume of 706,763. Allegion has a 1 year low of $95.97 and a 1 year high of $156.10. The firm has a market cap of $12.60 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. The company’s 50 day moving average is $142.34 and its two-hundred day moving average is $130.15. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. During the same quarter in the prior year, the company earned $1.94 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts predict that Allegion will post 7.26 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALLE. McClarren Financial Advisors Inc. lifted its holdings in shares of Allegion by 61.0% during 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 buying an additional 72 shares during the period. Crewe Advisors LLC boosted its position in Allegion by 160.2% in the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 149 shares during the last quarter. Concord Wealth Partners purchased a new stake in shares of Allegion during the 3rd quarter valued at about $29,000. Cromwell Holdings LLC increased its position in shares of 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 purchasing an additional 92 shares during the last quarter. Finally, Gradient Investments LLC bought a new position in shares of Allegion in the 2nd quarter worth approximately $38,000. 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.