UBS Group Boosts Allegion (NYSE:ALLE) Price Target to $132.00

Allegion (NYSE:ALLE) had its target price hoisted by UBS Group from $113.00 to $132.00 in a research report report published on Tuesday, Benzinga reports. UBS Group currently has a neutral rating on the scientific and technical instruments company’s stock.

ALLE has been the subject of several other research reports. Barclays raised their price target on shares of Allegion from $121.00 to $122.00 and gave the company an equal weight rating in a research report on Tuesday, April 2nd. Mizuho cut shares of Allegion from a buy rating to a neutral rating and raised their price target for the company from $140.00 to $141.00 in a research report on Friday, February 23rd. Wells Fargo & Company cut shares of Allegion from an overweight rating to an equal weight rating and raised their price target for the company from $139.00 to $140.00 in a research report on Wednesday, February 21st. Finally, StockNews.com raised shares of Allegion from a hold rating to a buy rating in a research report on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Allegion presently has an average rating of Hold and a consensus target price of $127.83.

Allegion Stock Down 0.7 %

Allegion stock opened at $124.84 on Tuesday. Allegion has a fifty-two week low of $95.94 and a fifty-two week high of $136.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.85 and a current ratio of 1.26. The firm has a 50 day moving average price of $130.93 and a 200 day moving average price of $118.74. The company has a market capitalization of $10.93 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 4.55 and a beta of 1.14.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The company had revenue of $897.40 million during the quarter, compared to analysts’ expectations of $904.17 million. During the same quarter last year, the company posted $1.60 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Research analysts expect that Allegion will post 7.01 earnings per share for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. Allegion’s dividend payout ratio (DPR) is presently 31.37%.

Insider Activity at Allegion

In related news, CEO John H. Stone purchased 10,000 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $132.41 per share, with a total value of $1,324,100.00. Following the completion of the transaction, the chief executive officer now directly owns 104,248 shares in the company, valued at $13,803,477.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO John H. Stone purchased 10,000 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $132.41 per share, with a total value of $1,324,100.00. Following the completion of the transaction, the chief executive officer now directly owns 104,248 shares in the company, valued at $13,803,477.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction on Monday, March 11th. The shares were sold at an average price of $129.99, for a total transaction of $656,059.53. Following the completion of the transaction, the vice president now owns 35,567 shares in the company, valued at $4,623,354.33. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Compass Wealth Management LLC acquired a new position in shares of Allegion during the fourth quarter worth about $25,000. CVA Family Office LLC acquired a new position in shares of Allegion during the fourth quarter worth about $28,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Allegion by 19.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 3,823 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Allegion by 123.1% during the second quarter. Benjamin Edwards Inc. now owns 261 shares of the scientific and technical instruments company’s stock worth $31,000 after acquiring an additional 144 shares during the period. Finally, Ancora Advisors LLC increased its stake in shares of Allegion by 153.3% during the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 230 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.