Stock analysts at UBS Group started coverage on shares of Allegion (NYSE:ALLE) in a research report issued on Tuesday, Marketbeat reports. The firm set a “neutral” rating and a $99.00 price target on the scientific and technical instruments company’s stock. UBS Group’s target price indicates a potential downside of 4.65% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Morgan Stanley upped their target price on Allegion from $95.00 to $103.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. William Blair started coverage on Allegion in a report on Wednesday, June 3rd. They issued a “market perform” rating for the company. Barclays cut Allegion from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $105.00 to $97.00 in a report on Thursday, May 21st. Robert W. Baird upped their target price on Allegion from $85.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Finally, Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating and set a $105.00 target price for the company in a report on Friday, May 29th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $105.56.
Shares of Allegion stock opened at $103.83 on Tuesday. The stock’s fifty day moving average is $100.71 and its two-hundred day moving average is $100.77. The company has a market capitalization of $9.58 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 3.82 and a beta of 1.13. The company has a quick ratio of 1.47, a current ratio of 2.11 and a debt-to-equity ratio of 2.10. Allegion has a 52 week low of $77.37 and a 52 week high of $139.24.
Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.13. Allegion had a return on equity of 64.29% and a net margin of 10.48%. The business had revenue of $589.50 million during the quarter, compared to analysts’ expectations of $605.87 million. During the same period in the prior year, the business earned $1.26 EPS. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. As a group, research analysts anticipate that Allegion will post 4.26 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC increased its position in Allegion by 298.9% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 14,362 shares of the scientific and technical instruments company’s stock valued at $1,468,000 after buying an additional 10,762 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Allegion by 1.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 62,590 shares of the scientific and technical instruments company’s stock valued at $6,400,000 after buying an additional 1,146 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Allegion during the 2nd quarter valued at about $233,000. Nuveen Asset Management LLC increased its position in Allegion by 4.8% during the 2nd quarter. Nuveen Asset Management LLC now owns 698,341 shares of the scientific and technical instruments company’s stock valued at $71,385,000 after buying an additional 32,153 shares in the last quarter. Finally, FMR LLC increased its position in Allegion by 6.0% during the 2nd quarter. FMR LLC now owns 249,833 shares of the scientific and technical instruments company’s stock valued at $25,538,000 after buying an additional 14,214 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Allegion Company Profile
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile 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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