Barclays Lowers Allegion (NYSE:ALLE) Price Target to $112.00

Allegion (NYSE:ALLE) had its price objective cut by Barclays from $116.00 to $112.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an underweight rating on the scientific and technical instruments company’s stock.

A number of other equities research analysts also recently weighed in on ALLE. UBS Group boosted their price target on Allegion from $113.00 to $132.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Wells Fargo & Company lowered their price objective on Allegion from $141.00 to $125.00 and set an equal weight rating for the company in a research note on Wednesday. Finally, StockNews.com upgraded Allegion from a hold rating to a buy rating in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $123.67.

Allegion Price Performance

Shares of NYSE ALLE opened at $122.91 on Wednesday. Allegion has a twelve month low of $95.94 and a twelve month high of $136.91. The company has a current ratio of 1.31, a quick ratio of 0.87 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 3.68 and a beta of 1.13. The business has a 50 day simple moving average of $119.76 and a 200-day simple moving average of $125.01.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The business had revenue of $893.90 million during the quarter, compared to the consensus estimate of $888.27 million. During the same period in the previous year, the business earned $1.58 EPS. The business’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, equities research analysts expect that Allegion will post 7.09 earnings per share for the current year.

Insider Transactions at Allegion

In other news, SVP Tracy L. Kemp sold 2,194 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total value of $267,624.12. Following the completion of the transaction, the senior vice president now owns 11,103 shares of the company’s stock, valued at $1,354,343.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.33% of the company’s stock.

Institutional Trading of Allegion

Institutional investors have recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of Allegion in the fourth quarter valued at $28,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Allegion by 19.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 3,823 shares during the period. Covestor Ltd lifted its holdings in shares of Allegion by 255.7% in the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock valued at $42,000 after buying an additional 225 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Allegion in the first quarter valued at $44,000. Finally, Headinvest LLC acquired a new stake in shares of Allegion in the third quarter valued at $48,000. 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.