Equities research analysts at Wolfe Research initiated coverage on shares of Allegion PLC (NYSE:ALLE) in a research note issued to investors on Tuesday, July 11th. The brokerage set a “market perform” rating on the scientific and technical instruments company’s stock.

Several other equities research analysts also recently weighed in on the stock. Credit Suisse Group restated a “buy” rating and issued a $89.00 target price on shares of Allegion PLC in a research note on Friday, April 28th. Robert W. Baird cut shares of Allegion PLC from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $80.00 to $85.00 in a report on Friday, April 28th. Zacks Investment Research raised shares of Allegion PLC from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. Imperial Capital raised their price target on shares of Allegion PLC from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Finally, BidaskClub raised shares of Allegion PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $86.00.

Shares of Allegion PLC (NYSE:ALLE) traded up 0.69% during midday trading on Tuesday, reaching $81.32. The company had a trading volume of 343,885 shares. Allegion PLC has a one year low of $61.47 and a one year high of $82.90. The company has a market capitalization of $7.72 billion, a PE ratio of 31.46 and a beta of 1.10. The company has a 50 day moving average of $80.93 and a 200 day moving average of $76.06.

Allegion PLC (NYSE:ALLE) last released its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.11. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The firm had revenue of $627 million for the quarter, compared to the consensus estimate of $613.37 million. During the same period last year, the firm earned $0.99 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts predict that Allegion PLC will post $3.78 EPS for the current fiscal year.

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In related news, insider Todd V. Graves sold 1,858 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $79.19, for a total transaction of $147,135.02. Following the transaction, the insider now directly owns 12,084 shares in the company, valued at $956,931.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Allegion PLC by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 388,934 shares of the scientific and technical instruments company’s stock worth $24,894,000 after buying an additional 7,183 shares during the period. Credit Agricole S A increased its stake in Allegion PLC by 559.1% in the fourth quarter. Credit Agricole S A now owns 9,933 shares of the scientific and technical instruments company’s stock worth $636,000 after buying an additional 8,426 shares during the period. AQR Capital Management LLC increased its stake in Allegion PLC by 3.8% in the fourth quarter. AQR Capital Management LLC now owns 9,685 shares of the scientific and technical instruments company’s stock worth $620,000 after buying an additional 359 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in Allegion PLC by 5.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,205 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 111 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Allegion PLC by 5.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,301 shares of the scientific and technical instruments company’s stock worth $211,000 after buying an additional 170 shares during the period. 90.86% of the stock is currently owned by institutional investors.

Allegion PLC Company Profile

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.

Analyst Recommendations for Allegion PLC (NYSE:ALLE)

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