Allegion (ALLE) to Release Earnings on Tuesday

Allegion (NYSE:ALLEGet Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect Allegion to post earnings of $1.57 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Allegion Trading Up 1.3 %

Shares of NYSE:ALLE opened at $133.60 on Tuesday. The company has a market cap of $11.73 billion, a P/E ratio of 21.17, a PEG ratio of 3.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.03 and a quick ratio of 1.31. Allegion has a 1 year low of $95.94 and a 1 year high of $133.93. The stock’s fifty day moving average price is $121.34 and its 200-day moving average price is $111.41.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.48 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.44%. Allegion’s dividend payout ratio is currently 28.53%.

Insider Buying and Selling

In other Allegion news, SVP Robert C. Martens sold 4,068 shares of Allegion stock in a transaction on Friday, December 8th. The stock was sold at an average price of $110.52, for a total transaction of $449,595.36. Following the completion of the sale, the senior vice president now directly owns 6,714 shares of the company’s stock, valued at approximately $742,031.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its stake in Allegion by 27.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,068 shares of the scientific and technical instruments company’s stock worth $996,000 after buying an additional 1,944 shares during the last quarter. American Century Companies Inc. grew its stake in Allegion by 11.8% during the 1st quarter. American Century Companies Inc. now owns 5,825 shares of the scientific and technical instruments company’s stock worth $639,000 after buying an additional 614 shares during the last quarter. HighTower Advisors LLC grew its stake in Allegion by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 6,947 shares of the scientific and technical instruments company’s stock worth $759,000 after buying an additional 510 shares during the last quarter. Private Advisor Group LLC grew its stake in Allegion by 35.2% during the 1st quarter. Private Advisor Group LLC now owns 2,090 shares of the scientific and technical instruments company’s stock worth $229,000 after buying an additional 544 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Allegion by 88.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,336 shares of the scientific and technical instruments company’s stock worth $366,000 after buying an additional 1,564 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on ALLE shares. Wells Fargo & Company increased their target price on Allegion from $119.00 to $139.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Vertical Research downgraded Allegion from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $128.00 to $100.00 in a research note on Thursday, October 19th. Finally, Barclays downgraded Allegion from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $130.00 to $119.00 in a research note on Monday, December 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $122.29.

View Our Latest Report on ALLE

Allegion Company Profile

(Get Free Report)

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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Earnings History for Allegion (NYSE:ALLE)

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