Allegion PLC (NYSE:ALLE) Given Consensus Rating of “Hold” by Analysts

Allegion PLC (NYSE:ALLE) has received an average recommendation of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $165.8750.

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Wells Fargo & Company boosted their price target on shares of Allegion from $150.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Bank of America upgraded shares of Allegion from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. Barclays lifted their target price on Allegion from $135.00 to $156.00 and gave the stock an “underweight” rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group increased their price target on Allegion from $149.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th.

Allegion Stock Up 1.0%

Shares of Allegion stock opened at $166.85 on Thursday. The business has a fifty day simple moving average of $146.76 and a 200 day simple moving average of $136.77. The stock has a market cap of $14.32 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 3.54 and a beta of 1.05. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. Allegion has a 12 month low of $116.57 and a 12 month high of $167.24.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 earnings per share. Research analysts predict that Allegion will post 7.77 EPS for the current year.

Insider Transactions at Allegion

In other news, SVP Tracy L. Kemp sold 3,849 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the sale, the senior vice president directly owned 8,773 shares in the company, valued at $1,446,843.16. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.23% of the company’s stock.

Institutional Investors Weigh In On Allegion

A number of hedge funds and other institutional investors have recently bought and sold shares of ALLE. Wayfinding Financial LLC bought a new position in shares of Allegion during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC bought a new position in Allegion in the second quarter valued at $32,000. Colonial Trust Co SC increased its stake in Allegion by 192.9% in the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 164 shares during the last quarter. Spire Wealth Management lifted its position in Allegion by 78.0% during the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 103 shares in the last quarter. Finally, Garde Capital Inc. bought a new stake in Allegion during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.