Allegion (NYSE:ALLE) Sets New 52-Week High at $143.14

Allegion plc (NYSE:ALLE)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $143.14 and last traded at $141.38, with a volume of 20103 shares changing hands. The stock had previously closed at $141.17.

Analyst Upgrades and Downgrades

ALLE has been the topic of several research reports. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Wells Fargo & Company raised their price target on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, Barclays increased their price objective on Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Allegion currently has an average rating of “Hold” and an average price target of $125.40.

Allegion Price Performance

The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66. The business’s fifty day simple moving average is $131.41 and its 200 day simple moving average is $127.11. The stock has a market cap of $12.35 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 4.21 and a beta of 1.12.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The firm had revenue of $965.60 million for the quarter, compared to the consensus estimate of $953.63 million. During the same period in the prior year, the firm posted $1.76 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Research analysts predict that Allegion plc will post 7.26 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, September 20th. Allegion’s dividend payout ratio (DPR) is 31.32%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALLE. Sanctuary Advisors LLC bought a new position in shares of Allegion in the second quarter worth $2,233,000. Cetera Investment Advisers lifted its holdings in Allegion by 5.3% in the second quarter. Cetera Investment Advisers now owns 13,788 shares of the scientific and technical instruments company’s stock worth $1,629,000 after purchasing an additional 697 shares during the period. Kimelman & Baird LLC bought a new position in Allegion in the 2nd quarter valued at about $39,000. Quarry LP lifted its stake in shares of Allegion by 56.0% in the 2nd quarter. Quarry LP now owns 379 shares of the scientific and technical instruments company’s stock worth $45,000 after acquiring an additional 136 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Allegion by 7.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,458 shares of the scientific and technical instruments company’s stock valued at $409,000 after acquiring an additional 247 shares in the last quarter. 92.21% of the stock is 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.