Allegion PLC Plans Quarterly Dividend of $0.08 (ALLE)
Allegion PLC (NASDAQ:ALLE) announced a quarterly dividend on Wednesday, September 3rd, ARN reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.08 per share on Tuesday, September 30th. This represents a $0.32 annualized dividend and a dividend yield of 0.61%.
A number of analysts have recently weighed in on ALLE shares. Analysts at Longbow Research initiated coverage on shares of Allegion PLC in a research note on Wednesday, August 27th. They set a “neutral” rating on the stock. On the ratings front, analysts at Bernstein cut their price target on shares of Allegion PLC from $63.00 to $61.00 in a research note on Friday, August 1st. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Allegion PLC in a research note on Friday, August 1st. They now have a $54.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Allegion PLC currently has a consensus rating of “Buy” and a consensus target price of $57.29.
Shares of Allegion PLC (NASDAQ:ALLE) traded down 0.15% during mid-day trading on Wednesday, hitting $52.19. The stock had a trading volume of 393,921 shares. Allegion PLC has a 52-week low of $40.24 and a 52-week high of $58.29. The stock has a 50-day moving average of $52.53 and a 200-day moving average of $52.93.
Allegion PLC (NASDAQ:ALLE) last released its earnings data on Wednesday, July 30th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.64 by $0.03. The company had revenue of $531.50 million for the quarter, compared to the consensus estimate of $537.22 million. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that Allegion PLC will post $2.37 EPS for the current fiscal year.
Allegion plc is a global provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands.
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