Allegion (ALLE) Now Covered by Barclays

Barclays began coverage on shares of Allegion (NYSE:ALLE) in a report released on Thursday morning, MarketBeat.com reports. The firm issued an overweight rating and a $100.00 target price on the scientific and technical instruments company’s stock.

Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Allegion from a hold rating to a sell rating in a report on Tuesday, December 19th. Wolfe Research upgraded Allegion from a market perform rating to an outperform rating in a report on Monday, October 30th. BidaskClub lowered Allegion from a strong-buy rating to a buy rating in a report on Wednesday, October 18th. Finally, Wells Fargo & Co reiterated an outperform rating and set a $100.00 price target (up from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $91.80.

Shares of Allegion (NYSE ALLE) opened at $82.72 on Thursday. The company has a market capitalization of $7,861.96, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.54 and a current ratio of 2.14. Allegion has a 1 year low of $72.45 and a 1 year high of $89.81.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.02%. This is a positive change from Allegion’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, March 14th. Allegion’s payout ratio is currently 18.18%.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Allegion by 2.1% during the 4th quarter. BlackRock Inc. now owns 6,116,887 shares of the scientific and technical instruments company’s stock valued at $486,661,000 after buying an additional 125,367 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Allegion by 7.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,738,702 shares of the scientific and technical instruments company’s stock worth $492,149,000 after purchasing an additional 390,699 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Allegion by 47.5% in the 4th quarter. Alliancebernstein L.P. now owns 4,026,199 shares of the scientific and technical instruments company’s stock worth $320,324,000 after purchasing an additional 1,297,066 shares during the last quarter. American Century Companies Inc. lifted its holdings in Allegion by 17.7% in the 4th quarter. American Century Companies Inc. now owns 2,227,299 shares of the scientific and technical instruments company’s stock worth $177,204,000 after purchasing an additional 334,751 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in Allegion by 8.7% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,607,136 shares of the scientific and technical instruments company’s stock worth $127,864,000 after purchasing an additional 128,178 shares during the last quarter. Institutional investors and hedge funds own 89.78% of the company’s stock.

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Allegion 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.

Analyst Recommendations for Allegion (NYSE:ALLE)

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