BidaskClub lowered shares of Allegion PLC (NYSE:ALLE) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday, October 18th.
ALLE has been the subject of a number of other research reports. Robert W. Baird reissued a hold rating on shares of Allegion PLC in a research note on Tuesday, September 26th. Wolfe Research began coverage on Allegion PLC in a report on Tuesday, July 11th. They set a market perform rating on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $89.75.
Allegion PLC (NYSE ALLE) traded up $1.07 during trading hours on Wednesday, reaching $83.09. The company’s stock had a trading volume of 715,746 shares, compared to its average volume of 882,823. The company has a quick ratio of 1.54, a current ratio of 2.14 and a debt-to-equity ratio of 3.79. Allegion PLC has a twelve month low of $63.31 and a twelve month high of $89.81. The stock has a market capitalization of $7,795.40, a P/E ratio of 22.35, a P/E/G ratio of 1.54 and a beta of 1.10.
Allegion PLC (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Allegion PLC had a return on equity of 154.50% and a net margin of 14.37%. The company had revenue of $609.40 million during the quarter, compared to analyst estimates of $622.18 million. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. analysts forecast that Allegion PLC will post 3.79 EPS for the current year.
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Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. lifted its position in Allegion PLC by 94.2% in the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock valued at $107,000 after acquiring an additional 600 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new position in shares of Allegion PLC during the 3rd quarter valued at $107,000. Tredje AP fonden bought a new position in shares of Allegion PLC during the 2nd quarter valued at $105,000. QS Investors LLC lifted its holdings in shares of Allegion PLC by 1.2% during the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock valued at $106,000 after buying an additional 16 shares during the period. Finally, Acrospire Investment Management LLC lifted its holdings in shares of Allegion PLC by 75.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $114,000 after buying an additional 600 shares during the period. Institutional investors own 90.22% of the company’s stock.
About Allegion PLC
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.
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