Allegion plc (ALLE) To Go Ex-Dividend on September 20th

Allegion plc (NYSE:ALLE) announced a quarterly dividend on Thursday, September 5th, RTT News reports. Stockholders 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 dividend yield of 1.34%. The ex-dividend date is Friday, September 20th.

Allegion has increased its dividend payment by an average of 12.0% per year over the last three years. Allegion has a dividend payout ratio of 24.9% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.5 %

NYSE ALLE opened at $143.37 on Wednesday. The company has a fifty day simple moving average of $132.54 and a two-hundred day simple moving average of $127.33. The stock has a market cap of $12.54 billion, a P/E ratio of 23.39, a P/E/G ratio of 4.21 and a beta of 1.12. Allegion has a 12-month low of $95.94 and a 12-month high of $144.49. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40.

Allegion (NYSE:ALLE) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The firm had revenue of $965.60 million for the quarter, compared to analysts’ expectations of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.76 EPS. On average, analysts forecast that Allegion will post 7.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ALLE. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Barclays lifted their target price on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company raised their price target on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.40.

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.