Allegion (ALLE) Rating Reiterated by Barclays

Barclays reissued their overweight rating on shares of Allegion (NYSE:ALLE) in a report issued on Wednesday, Marketbeat.com reports. Barclays currently has a $103.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $100.00.

Several other equities research analysts also recently commented on ALLE. Wells Fargo & Co reiterated an outperform rating and set a $105.00 target price (up from $100.00) on shares of Allegion in a research report on Wednesday. Imperial Capital reiterated an outperform rating and set a $94.00 target price (up from $85.00) on shares of Allegion in a research report on Wednesday. Zacks Investment Research downgraded shares of Allegion from a buy rating to a hold rating in a research report on Thursday, November 2nd. Wolfe Research upgraded shares of Allegion from a market perform rating to an outperform rating in a research report on Monday, October 30th. Finally, BidaskClub downgraded shares of Allegion from a buy rating to a hold rating in a research report on Saturday, October 28th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $95.83.

Shares of Allegion (NYSE ALLE) opened at $86.17 on Wednesday. Allegion has a one year low of $72.45 and a one year high of $89.81. The company has a quick ratio of 1.54, a current ratio of 2.24 and a debt-to-equity ratio of 3.56. The firm has a market cap of $8,190.00, a P/E ratio of 25.27, a PEG ratio of 1.37 and a beta of 1.10.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.94 by $0.17. Allegion had a net margin of 11.35% and a return on equity of 126.46%. The business had revenue of $623.00 million for the quarter, compared to the consensus estimate of $605.13 million. During the same period last year, the company earned $0.81 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. sell-side analysts anticipate that Allegion will post 4.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 annualized dividend and a yield of 0.97%. Allegion’s dividend payout ratio (DPR) is currently 18.77%.

Institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in Allegion by 109.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock worth $105,000 after purchasing an additional 692 shares during the last quarter. QS Investors LLC raised its holdings in Allegion by 1.2% during the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after purchasing an additional 16 shares during the last quarter. Whittier Trust Co. raised its holdings in Allegion by 94.2% during the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 600 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new position in Allegion during the 3rd quarter worth approximately $107,000. Finally, Macquarie Group Ltd. bought a new position in Allegion during the 4th quarter worth approximately $111,000. Hedge funds and other institutional investors own 89.78% of the company’s stock.

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Allegion Company Profile

Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.

Analyst Recommendations for Allegion (NYSE:ALLE)

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