Allegion (ALLE) Expected to Announce Earnings on Tuesday

Allegion (NYSE:ALLE) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $938.91 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Allegion Price Performance

Shares of ALLE stock opened at $130.53 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.29 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 stock has a fifty day simple moving average of $133.15 and a two-hundred day simple moving average of $137.57. The stock has a market capitalization of $11.35 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 3.19 and a beta of 1.11.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. Allegion’s payout ratio is 31.34%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley started coverage on shares of Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price objective on the stock. Robert W. Baird increased their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Barclays decreased their target price on Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $140.83.

Insider Activity

In other news, CEO John H. Stone acquired 7,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the transaction, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.33% of the company’s stock.

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.