Press coverage about Allegion PLC (NYSE:ALLE) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegion PLC earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 45.9213245232228 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Allegion PLC (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.11. The business had revenue of $627.00 million during the quarter, compared to analyst estimates of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, September 15th. Allegion PLC’s dividend payout ratio is currently 24.62%.
ALLE has been the subject of several recent analyst reports. BidaskClub upgraded 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 set a “market perform” rating for the company. 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. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Allegion PLC has a consensus rating of “Buy” and an average target price of $86.33.
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In other news, insider Timothy P. Eckersley sold 12,782 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.64% of the stock is currently owned by corporate insiders.
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.
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