Allegion PLC (ALLE) Plans Quarterly Dividend of $0.16

Allegion PLC (NYSE:ALLE) declared a quarterly dividend on Thursday, December 7th, NASDAQ reports. Investors of record on Monday, December 18th will be paid a dividend of 0.16 per share by the scientific and technical instruments company on Friday, December 29th. This represents a $0.64 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, December 15th.

Allegion has a payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Allegion to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 15.2%.

Allegion (ALLE) opened at $83.11 on Friday. Allegion has a 52-week low of $63.71 and a 52-week high of $89.81. The stock has a market cap of $7,773.54, a price-to-earnings ratio of 22.29, a P/E/G ratio of 1.53 and a beta of 1.08. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.54 and a current ratio of 2.14.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.02. Allegion had a net margin of 14.37% and a return on equity of 154.50%. The business had revenue of $609.40 million for the quarter, compared to analyst estimates of $622.18 million. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Allegion’s revenue was up 4.9% compared to the same quarter last year. analysts expect that Allegion will post 3.79 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Robert W. Baird set a $85.00 target price on shares of Allegion and gave the stock a “hold” rating in a research report on Thursday, August 24th. BidaskClub raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Allegion currently has an average rating of “Buy” and an average price target of $89.75.

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Allegion 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.

Dividend History for Allegion (NYSE:ALLE)

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