Analysts at Barclays initiated coverage on shares of Allegion (NYSE:ALLE) in a research report issued on Thursday, The Fly reports. The brokerage set an “overweight” rating on the scientific and technical instruments company’s stock.

Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Allegion from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. BidaskClub lowered shares of Allegion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $89.75.

Shares of Allegion (ALLE) opened at $79.97 on Thursday. Allegion has a one year low of $70.84 and a one year high of $89.81. The company has a market cap of $7,570.15, a P/E ratio of 22.72, a P/E/G ratio of 1.34 and a beta of 1.10. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79.

Several large investors have recently modified their holdings of ALLE. Thrivent Financial For Lutherans lifted its position in shares of Allegion by 3.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 3,621 shares of the scientific and technical instruments company’s stock valued at $294,000 after acquiring an additional 120 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Allegion by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 406,117 shares of the scientific and technical instruments company’s stock valued at $32,942,000 after acquiring an additional 12,811 shares in the last quarter. QS Investors LLC lifted its position in shares of Allegion by 1.2% in the 2nd 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. Janus Henderson Group PLC lifted its position in shares of Allegion by 836.9% in the 2nd quarter. Janus Henderson Group PLC now owns 21,793 shares of the scientific and technical instruments company’s stock valued at $1,768,000 after acquiring an additional 19,467 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Allegion by 4.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 109,278 shares of the scientific and technical instruments company’s stock valued at $8,866,000 after acquiring an additional 4,268 shares in the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

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About Allegion

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.

The Fly

Analyst Recommendations for Allegion (NYSE:ALLE)

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