Allegion (NYSE:ALLE) PT Raised to $107.00 at Barclays

Allegion (NYSE:ALLE) had its price objective increased by Barclays from $105.00 to $107.00 in a research note published on Monday, The Fly reports. Barclays currently has an underweight rating on the scientific and technical instruments company’s stock.

Several other brokerages also recently commented on ALLE. Morgan Stanley boosted their target price on shares of Allegion from $109.00 to $119.00 and gave the company an equal weight rating in a research note on Wednesday, January 20th. Bank of America upgraded Allegion from a neutral rating to a buy rating and set a $128.00 price objective on the stock in a research note on Wednesday, November 11th. Finally, Zacks Investment Research cut Allegion from a buy rating to a hold rating and set a $114.00 price objective on the stock. in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $109.67.

ALLE opened at $108.99 on Monday. Allegion has a fifty-two week low of $77.37 and a fifty-two week high of $127.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.29 and a quick ratio of 1.70. The firm’s fifty day moving average price is $114.29 and its two-hundred day moving average price is $107.97. The company has a market capitalization of $9.89 billion, a P/E ratio of 33.64 and a beta of 1.12.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Monday, February 15th. The scientific and technical instruments company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.30. Allegion had a net margin of 11.12% and a return on equity of 63.43%. During the same quarter in the prior year, the company earned $1.28 EPS. On average, equities research analysts expect that Allegion will post 4.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th will be issued a $0.36 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, March 16th. Allegion’s payout ratio is presently 26.18%.

Hedge funds have recently modified their holdings of the business. Freedman Financial Associates Inc. acquired a new stake in Allegion in the fourth quarter valued at approximately $31,000. Birchcreek Wealth Management LLC acquired a new stake in Allegion in the fourth quarter valued at approximately $38,000. O Shaughnessy Asset Management LLC grew its stake in Allegion by 38.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 401 shares of the scientific and technical instruments company’s stock valued at $40,000 after acquiring an additional 111 shares during the period. Jeppson Wealth Management LLC acquired a new stake in Allegion in the third quarter valued at approximately $41,000. Finally, Vantage Consulting Group Inc acquired a new stake in Allegion in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 93.20% 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 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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The Fly

Analyst Recommendations for Allegion (NYSE:ALLE)

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