Allegion PLC (NYSE:ALLE) Given Average Recommendation of “Hold” by Brokerages

Shares of Allegion PLC (NYSE:ALLE) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $105.00.

A number of analysts recently commented on ALLE shares. Credit Suisse Group reiterated a “hold” rating on shares of FactSet Research Systems in a report on Monday, July 8th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Morgan Stanley set a $10.00 target price on Ford Motor and gave the company a “hold” rating in a research note on Friday, April 26th. Barclays boosted their target price on Roper Technologies from $342.00 to $355.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. Finally, Imperial Capital lowered Lionsgate to an “in-line” rating and lowered their target price for the company from $24.00 to $16.00 in a research note on Monday, April 29th.

In other news, CAO Douglas P. Ranck sold 3,036 shares of Allegion stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $104.64, for a total value of $317,687.04. Following the completion of the transaction, the chief accounting officer now directly owns 5,442 shares in the company, valued at $569,450.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jeffrey M. Wood sold 5,357 shares of Allegion stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $99.17, for a total value of $531,253.69. Following the completion of the transaction, the senior vice president now owns 6,642 shares of the company’s stock, valued at $658,687.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,611 shares of company stock worth $1,498,349. Corporate insiders own 0.77% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ALLE. Wealthcare Advisory Partners LLC purchased a new position in shares of Allegion in the first quarter valued at $26,000. Financial Gravity Wealth Inc. purchased a new position in Allegion during the first quarter worth about $56,000. Starr International Co. Inc. purchased a new position in Allegion during the first quarter worth about $126,000. Parallel Advisors LLC grew its position in Allegion by 214.1% during the first quarter. Parallel Advisors LLC now owns 1,690 shares of the scientific and technical instruments company’s stock worth $153,000 after buying an additional 1,152 shares in the last quarter. Finally, Baldwin Investment Management LLC purchased a new position in Allegion during the first quarter worth about $204,000. Institutional investors own 93.47% of the company’s stock.

Allegion stock traded down $1.85 during mid-day trading on Tuesday, reaching $107.59. 538,080 shares of the company’s stock were exchanged, compared to its average volume of 551,555. The business has a fifty day simple moving average of $106.96. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.92 and a beta of 1.18. Allegion has a one year low of $74.83 and a one year high of $111.99. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.75 and a quick ratio of 1.14.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. The business had revenue of $655.00 million for the quarter, compared to analyst estimates of $654.66 million. Allegion had a return on equity of 72.88% and a net margin of 15.97%. Allegion’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. As a group, equities research analysts anticipate that Allegion will post 4.85 earnings per share for the current year.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile 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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Analyst Recommendations for Allegion (NYSE:ALLE)

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