Allegion PLC (NYSE:ALLE) Given Average Recommendation of “Hold” by Analysts

Allegion PLC (NYSE:ALLE) has received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $174.25.

Several research firms have commented on ALLE. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Barclays lowered their price target on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 7th. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Finally, Robert W. Baird raised their price objective on shares of Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st.

Institutional Trading of Allegion

Several institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. raised its stake in shares of Allegion by 100.0% in the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 70 shares during the last quarter. First Horizon Corp purchased a new stake in shares of Allegion during the third quarter valued at $26,000. Hantz Financial Services Inc. increased its holdings in Allegion by 120.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 81 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 115 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Allegion during the 3rd quarter valued at about $29,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Stock Performance

Allegion stock opened at $179.34 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $15.43 billion, a P/E ratio of 24.27, a PEG ratio of 3.28 and a beta of 1.03. The stock’s 50 day moving average is $164.93 and its 200 day moving average is $168.13. Allegion has a twelve month low of $116.57 and a twelve month high of $183.11.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.2%. This is an increase from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. Allegion’s payout ratio is 27.60%.

Allegion Company Profile

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.