Allegion PLC (NYSE:ALLE) – Stock analysts at Imperial Capital issued their FY2020 earnings per share estimates for shares of Allegion in a research note issued on Wednesday. Imperial Capital analyst J. Kessler forecasts that the scientific and technical instruments company will earn $5.50 per share for the year. Imperial Capital has a “Outperform” rating and a $94.00 price target on the stock.
Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $605.13 million. Allegion had a net margin of 11.35% and a return on equity of 143.13%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 target price for the company in a research report on Thursday. Barclays restated an “overweight” rating and set a $103.00 target price (up previously from $100.00) on shares of Allegion in a research report on Wednesday. Wells Fargo & Co restated an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Allegion in a research report on Wednesday. Wolfe Research upgraded shares of Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Finally, BidaskClub downgraded shares of Allegion from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $95.83.
Shares of Allegion (NYSE ALLE) traded down $0.58 on Thursday, reaching $86.14. 842,913 shares of the company’s stock were exchanged, compared to its average volume of 816,306. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79. The firm has a market capitalization of $8,153.58, a PE ratio of 30.43, a P/E/G ratio of 1.36 and a beta of 1.10. Allegion has a one year low of $72.45 and a one year high of $89.81.
Several hedge funds and other institutional investors have recently modified their holdings of ALLE. Tower Research Capital LLC TRC grew its holdings in shares of Allegion by 109.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock worth $105,000 after buying an additional 692 shares in the last quarter. QS Investors LLC grew its holdings in shares of Allegion by 1.2% during the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after buying an additional 16 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Allegion by 94.2% during the third quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after buying an additional 600 shares in the last quarter. YorkBridge Wealth Partners LLC purchased a new stake in shares of Allegion during the third quarter worth about $107,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Allegion during the fourth quarter worth about $111,000. Institutional investors and hedge funds own 89.78% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.98%. Allegion’s payout ratio is 22.46%.
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Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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