Allegion PLC (ALLE) Receives Average Rating of “Buy” from Analysts
Shares of Allegion PLC (NYSE:ALLE) have been given a consensus rating of “Buy” by the nine analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $86.00.
Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Allegion PLC from a “sell” rating to a “hold” rating in a research report on Thursday, March 23rd. Robert W. Baird lowered Allegion PLC from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $80.00 to $85.00 in a research report on Friday, April 28th. Credit Suisse Group reiterated a “buy” rating and issued a $89.00 price objective on shares of Allegion PLC in a research report on Friday, April 28th. Imperial Capital increased their price objective on Allegion PLC from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Finally, BidaskClub lowered Allegion PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th.
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In other news, insider Todd V. Graves sold 1,858 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $79.19, for a total transaction of $147,135.02. Following the completion of the transaction, the insider now directly owns 12,084 shares in the company, valued at $956,931.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey M. Wood sold 4,071 shares of the firm’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $79.87, for a total value of $325,150.77. Following the transaction, the insider now owns 1,938 shares of the company’s stock, valued at $154,788.06. The disclosure for this sale can be found here. Insiders sold 13,384 shares of company stock valued at $1,064,660 over the last quarter. 0.64% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALLE. Tower Research Capital LLC TRC raised its position in Allegion PLC by 210.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the scientific and technical instruments company’s stock valued at $107,000 after buying an additional 959 shares in the last quarter. Creative Planning boosted its stake in shares of Allegion PLC by 10.9% in the first quarter. Creative Planning now owns 2,080 shares of the scientific and technical instruments company’s stock valued at $157,000 after buying an additional 205 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Allegion PLC by 5.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,205 shares of the scientific and technical instruments company’s stock valued at $144,000 after buying an additional 111 shares during the last quarter. First Manhattan Co. boosted its stake in shares of Allegion PLC by 51.3% in the first quarter. First Manhattan Co. now owns 2,212 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 750 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Allegion PLC by 2.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,256 shares of the scientific and technical instruments company’s stock valued at $171,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.
Shares of Allegion PLC (ALLE) traded down 0.84% during trading on Friday, hitting $80.41. The stock had a trading volume of 401,381 shares. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $82.90. The firm’s 50-day moving average is $80.52 and its 200 day moving average is $75.12. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 32.57 and a beta of 1.11.
Allegion PLC (NYSE:ALLE) last posted its quarterly earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The business had revenue of $548.80 million during the quarter, compared to analyst estimates of $536.97 million. Allegion PLC had a return on equity of 234.79% and a net margin of 10.50%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. On average, analysts expect that Allegion PLC will post $3.73 EPS for the current year.
Allegion PLC Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric 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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