Robert W. Baird Boosts Allegion (NYSE:ALLE) Price Target to $152.00

Allegion (NYSE:ALLE) had its target price boosted by research analysts at Robert W. Baird from $145.00 to $152.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the scientific and technical instruments company’s stock. Robert W. Baird’s target price indicates a potential upside of 4.63% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company increased their target price on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Barclays boosted their target price on Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 2nd. Mizuho raised their price objective on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $144.20.

Allegion Stock Down 3.7 %

ALLE stock opened at $145.27 on Friday. Allegion has a fifty-two week low of $95.94 and a fifty-two week high of $156.10. The stock has a fifty day moving average of $142.11 and a 200-day moving average of $130.11. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 4.50 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 earnings per share. As a group, equities research analysts predict that Allegion will post 7.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALLE. Oak Thistle LLC purchased a new position in shares of Allegion during the first quarter valued at about $278,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Allegion by 5.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 215,829 shares of the scientific and technical instruments company’s stock valued at $29,074,000 after purchasing an additional 10,896 shares during the period. Azzad Asset Management Inc. ADV boosted its position in shares of Allegion by 1.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 23,373 shares of the scientific and technical instruments company’s stock valued at $3,149,000 after purchasing an additional 406 shares in the last quarter. Norden Group LLC purchased a new stake in Allegion in the first quarter worth $2,271,000. Finally, Massachusetts Wealth Management purchased a new position in Allegion during the first quarter valued at $205,000. 92.21% of the stock is currently owned by institutional investors.

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.