Allegion PLC (NYSE:ALLE) – Stock analysts at Imperial Capital issued their Q1 2018 earnings estimates for Allegion in a research note issued on Wednesday. Imperial Capital analyst J. Kessler forecasts that the scientific and technical instruments company will earn $0.81 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $94.00 price target on the stock. Imperial Capital also issued estimates for Allegion’s Q2 2018 earnings at $1.22 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.24 EPS, FY2018 earnings at $4.47 EPS, Q1 2019 earnings at $1.04 EPS, Q2 2019 earnings at $1.39 EPS, Q3 2019 earnings at $1.36 EPS, Q4 2019 earnings at $1.40 EPS and FY2019 earnings at $5.19 EPS.
Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.94 by $0.17. Allegion had a net margin of 11.35% and a return on equity of 126.46%. The firm had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $605.13 million. During the same quarter in the prior year, the firm earned $0.81 EPS. Allegion’s quarterly revenue was up 9.4% on a year-over-year basis.
ALLE has been the subject of several other research reports. 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. Wolfe Research upgraded shares of Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Wells Fargo & Co restated an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of Allegion in a research report on Wednesday. Barclays assumed coverage on shares of Allegion in a research report on Thursday, February 15th. They issued an “overweight” rating and a $100.00 target price for the company. Finally, BidaskClub cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Two 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’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $95.83.
Allegion (NYSE:ALLE) opened at $86.17 on Friday. Allegion has a 1 year low of $72.45 and a 1 year high of $89.81. The company has a quick ratio of 1.54, a current ratio of 2.24 and a debt-to-equity ratio of 3.56. The company has a market cap of $8,189.75, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10.
Institutional investors have recently bought and sold shares of the company. Whittier Trust Co. boosted its holdings in shares of Allegion by 94.2% in the third quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock valued at $107,000 after acquiring an additional 600 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new position in shares of Allegion in the third quarter valued at approximately $107,000. QS Investors LLC boosted its holdings in shares of Allegion by 1.2% in the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock valued at $106,000 after acquiring an additional 16 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Allegion by 109.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock valued at $105,000 after acquiring an additional 692 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of Allegion in the fourth quarter valued at approximately $111,000. Institutional investors and hedge funds own 89.78% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 annualized dividend and a dividend yield of 0.97%. Allegion’s dividend payout ratio (DPR) 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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