Allegion plc (NYSE:ALLE – Get Free Report) declared a quarterly dividend on Thursday, September 5th, RTT News reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.48 per share by the scientific and technical instruments company on Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 1.42%.
Allegion has increased its dividend payment by an average of 12.0% per year over the last three years. Allegion has a payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Allegion to earn $7.55 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 25.4%.
Allegion Price Performance
Shares of NYSE ALLE traded down $1.75 during mid-day trading on Thursday, hitting $135.60. 460,960 shares of the stock were exchanged, compared to its average volume of 692,913. The company has a market cap of $11.86 billion, a P/E ratio of 22.23, a PEG ratio of 4.26 and a beta of 1.12. Allegion has a twelve month low of $95.94 and a twelve month high of $141.99. The stock’s fifty day simple moving average is $128.50 and its two-hundred day simple moving average is $126.79. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66.
Analyst Ratings Changes
ALLE has been the topic of a number of research reports. Barclays upped their target price on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research report on Thursday, July 25th. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Finally, Wells Fargo & Company increased their price objective on Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.40.
Check Out Our Latest Analysis on Allegion
About Allegion
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.
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