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Allegion (NYSE:ALLE – Get Rating) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.
A number of other brokerages have also weighed in on ALLE. Credit Suisse Group increased their target price on Allegion from $108.00 to $116.00 and gave the stock a “neutral” rating in a research note on Friday, October 28th. StockNews.com started coverage on shares of Allegion in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley raised their price objective on Allegion from $98.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Friday, October 28th. Mizuho cut their target price on Allegion from $125.00 to $114.00 and set a “buy” rating for the company in a research report on Wednesday, September 21st. Finally, Wells Fargo & Company raised their price target on Allegion from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $118.00.
Allegion Trading Up 0.3 %
NYSE:ALLE opened at $114.32 on Wednesday. Allegion has a twelve month low of $87.33 and a twelve month high of $133.74. The business has a 50 day moving average price of $99.77 and a two-hundred day moving average price of $101.70. The company has a market cap of $10.04 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.88 and a beta of 1.07. The company has a quick ratio of 1.10, a current ratio of 1.79 and a debt-to-equity ratio of 2.79.
Allegion (NYSE:ALLE – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The scientific and technical instruments company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.45 by $0.19. Allegion had a return on equity of 59.82% and a net margin of 13.96%. The firm had revenue of $913.70 million during the quarter, compared to analysts’ expectations of $873.58 million. During the same period in the prior year, the firm posted $1.56 earnings per share. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. As a group, analysts expect that Allegion will post 5.46 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO John H. Stone purchased 12,500 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was bought at an average price of $104.45 per share, with a total value of $1,305,625.00. Following the completion of the purchase, the chief executive officer now owns 64,535 shares in the company, valued at approximately $6,740,680.75. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Allegion
Institutional investors and hedge funds have recently made changes to their positions in the business. CX Institutional acquired a new stake in Allegion in the second quarter worth $27,000. Private Trust Co. NA bought a new stake in Allegion during the 2nd quarter valued at $27,000. Adirondack Trust Co. grew its holdings in shares of Allegion by 59.0% during the third quarter. Adirondack Trust Co. now owns 318 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 118 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Allegion by 172.9% during the third quarter. Parkside Financial Bank & Trust now owns 322 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 204 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of Allegion in the 1st quarter worth about $30,000. Institutional investors own 91.06% of the company’s stock.
Allegion Company Profile
(Get Rating)
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, 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 and door systems; and other accessories.
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