Allegion PLC (ALLE) Getting Somewhat Favorable Press Coverage, Report Finds
Headlines about Allegion PLC (NYSE:ALLE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Allegion PLC earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the scientific and technical instruments company an impact score of 46.6830904029656 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Ex-Dividend Reminder: Allegion, Leucadia National and Boyd Gaming (nasdaq.com)
- Allegion U.S. Holding Company Inc. — Moody’s upgrades Allegion’s ratings to investment grade; outlook is stable (finance.yahoo.com)
- Digital Door Lock System Market Research Report | Market Growth Analysis 2024 (openpr.com)
- SPX Enhances Business Development and Strategy Team (einpresswire.com)
- Allegion Completes Refinancing of Senior Credit Facility (finance.yahoo.com)
ALLE has been the topic of a number of research analyst reports. Zacks Investment Research cut Allegion PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. BidaskClub raised Allegion PLC from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Wolfe Research initiated coverage on Allegion PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird set a $85.00 target price on Allegion PLC and gave the company a “hold” rating in a research note on Thursday, August 24th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Allegion PLC presently has an average rating of “Buy” and a consensus target price of $86.00.
Shares of Allegion PLC (NYSE:ALLE) traded up 1.00% on Wednesday, hitting $81.81. The stock had a trading volume of 589,481 shares. The company has a 50 day moving average price of $79.57 and a 200-day moving average price of $78.22. The stock has a market cap of $7.77 billion, a PE ratio of 31.65 and a beta of 1.10. Allegion PLC has a 12 month low of $61.47 and a 12 month high of $82.90.
Allegion PLC (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.00 by $0.11. The business had revenue of $627.00 million for the quarter, compared to analysts’ expectations of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 EPS. On average, equities research analysts anticipate that Allegion PLC will post $3.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Friday, September 15th. Allegion PLC’s payout ratio is currently 24.62%.
In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.14, for a total value of $1,037,131.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by insiders.
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About Allegion PLC
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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