Allegion plc (NYSE:ALLE) Receives $140.83 Consensus PT from Analysts

Allegion plc (NYSE:ALLE) has been given an average rating of “Reduce” by the six research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $140.83.

Several research analysts have weighed in on ALLE shares. Wells Fargo & Company reduced their target price on Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays decreased their price objective on Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird raised their target price on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Morgan Stanley started coverage on shares of Allegion in a report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price target for the company. Finally, Mizuho raised their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

Insider Buying and Selling

In related news, CEO John H. Stone bought 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the acquisition, the chief executive officer now owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. McClarren Financial Advisors Inc. grew its stake in shares of Allegion by 61.0% in the third 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 in the last quarter. Brooklyn Investment Group acquired a new stake in Allegion in the third quarter valued at $28,000. Concord Wealth Partners bought a new position in shares of Allegion in the 3rd quarter valued at about $29,000. Cromwell Holdings LLC increased its stake 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 worth $34,000 after purchasing an additional 92 shares during the last quarter. Finally, Atala Financial Inc bought a new stake in shares of Allegion in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Trading Up 1.4 %

Shares of NYSE ALLE opened at $130.53 on Thursday. Allegion has a twelve month low of $113.27 and a twelve month high of $156.10. The stock has a market cap 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. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The company’s fifty day moving average is $133.15 and its 200-day moving average is $137.57.

Allegion Increases Dividend

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

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.