Allegion PLC (ALLE) Lifted to Hold at BidaskClub
Allegion PLC (NYSE:ALLE) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
ALLE has been the topic of a number of other research reports. Zacks Investment Research raised Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Friday, June 30th. Robert W. Baird set a $85.00 price objective on Allegion PLC and gave the stock a “hold” rating in a research note on Thursday, August 24th. Wolfe Research assumed coverage on Allegion PLC in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, Imperial Capital boosted their price objective on Allegion PLC from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $86.00.
Shares of Allegion PLC (NYSE ALLE) opened at 80.81 on Thursday. The stock has a market capitalization of $7.68 billion, a PE ratio of 31.26 and a beta of 1.10. The stock’s 50 day moving average price is $79.53 and its 200 day moving average price is $78.06. Allegion PLC has a one year low of $61.47 and a one year high of $82.90.
Allegion PLC (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.11. The firm had revenue of $627 million for the quarter, compared to analyst estimates of $613.37 million. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. Equities research analysts predict that Allegion PLC will post $3.78 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Allegion PLC (ALLE) Lifted to Hold at BidaskClub” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/09/10/allegion-plc-alle-lifted-to-hold-at-bidaskclub.html.
In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction on Friday, August 4th. The stock was sold at an average price of $81.14, for a total value of $1,037,131.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.64% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Tredje AP fonden purchased a new stake in shares of Allegion PLC in the 2nd quarter valued at $105,000. QS Investors LLC raised its holdings in shares of Allegion PLC by 1.2% in the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock valued at $106,000 after buying an additional 16 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Allegion PLC by 210.8% in the 1st 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 during the period. Acrospire Investment Management LLC raised its holdings in shares of Allegion PLC by 75.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $114,000 after buying an additional 600 shares during the period. Finally, First Manhattan Co. raised its holdings in shares of Allegion PLC by 51.3% in the 1st 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 period. Hedge funds and other institutional investors own 89.86% of the company’s stock.
About Allegion PLC
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.
Receive News & Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related companies with MarketBeat.com's FREE daily email newsletter.