Allegion plc (NYSE:ALLE) Receives Average Recommendation of “Reduce” from Analysts

Shares of Allegion plc (NYSE:ALLE) have received a consensus rating of “Reduce” from the six research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $126.50.

A number of research firms recently weighed in on ALLE. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Wells Fargo & Company upped their target price on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group lifted their price target on Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Barclays boosted their price objective on Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research report on Thursday.

Allegion Stock Up 3.9 %

NYSE:ALLE opened at $132.88 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.87 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average of $120.01 and a 200-day moving average of $125.14. The firm has a market capitalization of $11.62 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 4.00 and a beta of 1.13. Allegion has a 52 week low of $95.94 and a 52 week high of $136.91.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The business had revenue of $965.60 million during the quarter, compared to analyst estimates of $953.63 million. During the same quarter in the previous year, the firm posted $1.76 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that Allegion will post 7.09 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Tracy L. Kemp sold 2,194 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $121.98, for a total value of $267,624.12. Following the completion of the transaction, the senior vice president now directly owns 11,103 shares in the company, valued at $1,354,343.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

Institutional Trading of Allegion

Several institutional investors have recently modified their holdings of ALLE. Raymond James Trust N.A. raised its position in Allegion by 3.6% in the second quarter. Raymond James Trust N.A. now owns 4,905 shares of the scientific and technical instruments company’s stock worth $580,000 after acquiring an additional 170 shares in the last quarter. EdgeRock Capital LLC acquired a new position in shares of Allegion in the 2nd quarter worth approximately $44,000. Herold Advisors Inc. raised its holdings in shares of Allegion by 11.2% in the 2nd quarter. Herold Advisors Inc. now owns 9,001 shares of the scientific and technical instruments company’s stock worth $1,063,000 after purchasing an additional 909 shares in the last quarter. &PARTNERS acquired a new stake in Allegion during the second quarter valued at approximately $564,000. Finally, American National Bank boosted its holdings in Allegion by 12.3% during the second quarter. American National Bank now owns 10,189 shares of the scientific and technical instruments company’s stock worth $1,204,000 after buying an additional 1,115 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Company Profile

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.