Allegion (NYSE:ALLE) Stock Rating Lowered by StockNews.com

Allegion (NYSE:ALLE) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other analysts have also weighed in on the stock. Mizuho upped their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company reduced their target price on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays decreased their target price on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird raised their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Morgan Stanley assumed coverage on Allegion in a research note on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target on the stock. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.83.

Allegion Stock Up 1.0 %

Shares of ALLE opened at $131.10 on Tuesday. The firm has a market capitalization of $11.40 billion, a P/E ratio of 20.14, a P/E/G ratio of 3.35 and a beta of 1.11. Allegion has a 12-month low of $113.27 and a 12-month high of $156.10. The firm has a fifty day moving average price of $136.30 and a 200-day moving average price of $136.17. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same period last year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts expect that Allegion will post 7.41 earnings per share for the current year.

Insider Buying and Selling at Allegion

In related news, CEO John H. Stone bought 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $144.92, for a total value of $1,164,432.20. Following the completion of the sale, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Allegion

A number of institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors acquired a new position in shares of Allegion during the 4th quarter worth approximately $277,000. Merit Financial Group LLC acquired a new stake in shares of Allegion in the fourth quarter worth approximately $282,000. Heritage Family Offices LLP lifted its holdings in Allegion by 3.2% in the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock valued at $346,000 after purchasing an additional 82 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Allegion during the fourth quarter worth $531,000. Finally, Park Avenue Securities LLC lifted its stake in shares of Allegion by 10.4% in the fourth quarter. Park Avenue Securities LLC now owns 3,847 shares of the scientific and technical instruments company’s stock worth $503,000 after buying an additional 362 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.