Shares of Allegion PLC (NYSE:ALLE) have received an average rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $91.33.

A number of equities research analysts recently weighed in on ALLE shares. BidaskClub raised Allegion from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Robert W. Baird reaffirmed a “hold” rating on shares of Allegion in a report on Tuesday, September 26th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $100.00 price target (up from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Finally, Zacks Investment Research cut Allegion from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd.

Shares of Allegion (NYSE ALLE) traded up $1.78 during mid-day trading on Friday, hitting $84.38. The company’s stock had a trading volume of 987,900 shares, compared to its average volume of 891,150. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54. Allegion has a 52 week low of $64.62 and a 52 week high of $89.81. The company has a market cap of $7,850.00, a P/E ratio of 23.97, a P/E/G ratio of 1.37 and a beta of 1.08.

Allegion (NYSE:ALLE) last issued 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 return on equity of 154.50% and a net margin of 14.37%. The business had revenue of $609.40 million during the quarter, compared to analysts’ expectations of $622.18 million. During the same period in the prior year, the firm posted $0.93 EPS. Allegion’s quarterly revenue was up 4.9% compared to the same quarter last year. equities analysts expect that Allegion will post 3.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.64 annualized dividend and a yield of 0.76%. Allegion’s dividend payout ratio is presently 18.18%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. QS Investors LLC boosted its holdings in shares of Allegion by 1.2% during the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after acquiring an additional 16 shares during the period. Thrivent Financial For Lutherans increased its stake in Allegion by 3.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 3,621 shares of the scientific and technical instruments company’s stock valued at $294,000 after buying an additional 120 shares during the last quarter. Suntrust Banks Inc. increased its stake in Allegion by 5.5% in the 2nd quarter. Suntrust Banks Inc. now owns 2,923 shares of the scientific and technical instruments company’s stock valued at $236,000 after buying an additional 153 shares during the last quarter. Norinchukin Bank The increased its stake in Allegion by 6.6% in the 2nd quarter. Norinchukin Bank The now owns 6,612 shares of the scientific and technical instruments company’s stock valued at $536,000 after buying an additional 407 shares during the last quarter. Finally, Sentry Investment Management LLC increased its stake in Allegion by 12.4% in the 2nd quarter. Sentry Investment Management LLC now owns 4,516 shares of the scientific and technical instruments company’s stock valued at $366,000 after buying an additional 497 shares during the last quarter. 89.37% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This report was posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/12/allegion-plc-alle-receives-consensus-recommendation-of-buy-from-analysts-2.html.

About Allegion

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.

Analyst Recommendations for Allegion (NYSE:ALLE)

Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.