Allegion PLC (NYSE:ALLE) Given Average Rating of “Hold” by Analysts

Shares of Allegion PLC (NYSE:ALLE) have earned a consensus rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $165.88.

A number of analysts recently weighed in on ALLE shares. Mizuho upped their target price on shares of Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Barclays lifted their price objective on Allegion from $135.00 to $156.00 and gave the company an “underweight” rating in a report on Friday, July 25th. Robert W. Baird increased their target price on Allegion from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Bank of America upgraded Allegion from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $175.00 in a research report on Tuesday. Finally, JPMorgan Chase & Co. started coverage on Allegion in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $170.00 price target on the stock.

Allegion Price Performance

Shares of NYSE:ALLE opened at $164.81 on Thursday. The firm has a market capitalization of $14.15 billion, a PE ratio of 22.89, a PEG ratio of 3.96 and a beta of 1.01. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. Allegion has a 1-year low of $116.57 and a 1-year high of $166.22. The business’s 50 day moving average is $145.80 and its 200-day moving average is $136.20.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 earnings per share. Sell-side analysts predict that Allegion will post 7.77 earnings per share for the current year.

Insider Activity

In related news, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the sale, the senior vice president directly owned 8,773 shares in the company, valued at $1,446,843.16. This represents a 30.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Hedge Funds Weigh In On Allegion

Several institutional investors have recently bought and sold shares of ALLE. Wayfinding Financial LLC acquired a new position in shares of Allegion during the first quarter worth approximately $30,000. Sound Income Strategies LLC bought a new position in Allegion in the 2nd quarter worth approximately $32,000. Colonial Trust Co SC raised its position in Allegion by 192.9% in the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock worth $33,000 after purchasing an additional 164 shares during the last quarter. Garde Capital Inc. acquired a new position in Allegion during the 1st quarter worth $36,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Allegion by 91.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock valued at $39,000 after buying an additional 143 shares during the last quarter. 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.