Allegion PLC (NYSE:ALLE) Stock Has Consensus Price Target of $173.56 According to Analysts

Shares of Allegion PLC (NYSE:ALLE) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $179.60.

A number of research firms have recently issued reports on ALLE. Evercore reiterated an “outperform” rating and issued a $180.00 price objective on shares of Allegion in a report on Tuesday, September 22nd. JPMorgan Chase & Co. raised their price objective on Allegion from $170.00 to $183.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Robert W. Baird set a $196.00 price objective on Allegion in a report on Friday, October 23rd. Morgan Stanley set a $170.00 target price on Allegion in a research report on Monday. Finally, The Goldman Sachs Group upped their target price on Allegion from $182.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday.

Insider Buying and Selling at Allegion

In other news, SVP Timothy P. Eckersley sold 6,364 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $178.62, for a total value of $1,136,737.68. Following the completion of the sale, the senior vice president directly owned 22,028 shares in the company, valued at approximately $3,934,641.36. The trade was a 22.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Vincent Wenos sold 1,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $168.25, for a total transaction of $168,250.00. Following the completion of the sale, the senior vice president directly owned 12,096 shares of the company’s stock, valued at $2,035,152. This trade represents a 7.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 11,833 shares of company stock valued at $2,104,090. 0.64% of the stock is owned by insiders.

Institutional Trading of Allegion

Several hedge funds have recently added to or reduced their stakes in ALLE. Covestor Ltd lifted its stake in Allegion by 103.6% in the third quarter. Covestor Ltd now owns 448 shares of the scientific and technical instruments company’s stock worth $69,000 after acquiring an additional 228 shares during the period. Provenance Wealth Advisors LLC bought a new stake in Allegion in the third quarter valued at $398,000. First Nebraska Trust Co purchased a new position in Allegion during the 3rd quarter valued at $3,249,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Allegion during the 3rd quarter valued at $3,330,000. Finally, Vise Technologies Inc. increased its position in Allegion by 64.7% during the 3rd quarter. Vise Technologies Inc. now owns 7,449 shares of the scientific and technical instruments company’s stock valued at $1,145,000 after purchasing an additional 2,925 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Stock Performance

NYSE ALLE opened at $186.58 on Friday. Allegion has a 52-week low of $125.00 and a 52-week high of $189.59. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.24 and a current ratio of 1.90. The company has a market capitalization of $15.73 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.11 and a beta of 0.81. The company has a fifty day moving average of $158.50 and a 200-day moving average of $150.81.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.10. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $2.30 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts predict that Allegion will post 9.10 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.2%. Allegion’s dividend payout ratio (DPR) is 27.40%.

Allegion Company Profile

Allegion plc (NYSE:ALLE) is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.