Shares of Allegion plc (NYSE:ALLE – Get Free Report) have received a consensus rating of “Reduce” from the five brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $132.00.
ALLE has been the topic of several analyst reports. Barclays increased their price target on Allegion from $117.00 to $135.00 and gave the company an “underweight” rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Finally, Wells Fargo & Company boosted their target price on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday.
Check Out Our Latest Report on Allegion
Institutional Investors Weigh In On Allegion
Allegion Stock Performance
Shares of ALLE opened at $144.68 on Friday. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 4.38 and a beta of 1.12. The company’s fifty day moving average is $137.92 and its 200-day moving average is $128.90. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. Allegion has a 12 month low of $95.94 and a 12 month high of $147.14.
Allegion (NYSE:ALLE – Get Free Report) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $965.60 million for the quarter, compared to analyst estimates of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.76 earnings per share. Equities analysts expect that Allegion will post 7.26 EPS for the current fiscal year.
Allegion Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s payout ratio is currently 31.32%.
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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