Wall Street analysts forecast that Allegion PLC (NYSE:ALLE) will report sales of $606.87 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Allegion’s earnings. The lowest sales estimate is $598.20 million and the highest is $612.20 million. Allegion reported sales of $548.80 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.6%. The firm is expected to report its next earnings results on Thursday, April 26th.

On average, analysts expect that Allegion will report full-year sales of $606.87 million for the current fiscal year, with estimates ranging from $2.66 billion to $2.68 billion. For the next financial year, analysts forecast that the firm will post sales of $2.80 billion per share, with estimates ranging from $2.79 billion to $2.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Allegion.

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Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.17. The firm had revenue of $623.00 million during the quarter, compared to the consensus estimate of $605.13 million. Allegion had a net margin of 11.35% and a return on equity of 126.46%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share.

Several equities analysts have recently issued reports on ALLE shares. Zacks Investment Research downgraded shares of Allegion from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Barclays started coverage on shares of Allegion in a research note on Thursday, February 15th. They set an “overweight” rating and a $100.00 price target for the company. Imperial Capital reaffirmed an “outperform” rating and set a $94.00 price target (up previously from $85.00) on shares of Allegion in a research note on Wednesday, February 21st. Finally, Wells Fargo reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $95.83.

In related news, insider Chris E. Muhlenkamp sold 3,944 shares of Allegion stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $86.33, for a total transaction of $340,485.52. Following the completion of the transaction, the insider now owns 17,527 shares of the company’s stock, valued at $1,513,105.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Tracy L. Kemp sold 14,821 shares of Allegion stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $86.01, for a total transaction of $1,274,754.21. Following the transaction, the vice president now directly owns 18,283 shares of the company’s stock, valued at approximately $1,572,520.83. The disclosure for this sale can be found here. Insiders have sold 57,415 shares of company stock valued at $4,924,641 in the last ninety days. Insiders own 0.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB raised its stake in Allegion by 26.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 26,027 shares of the scientific and technical instruments company’s stock worth $2,071,000 after buying an additional 5,426 shares during the last quarter. Handelsbanken Fonder AB raised its stake in Allegion by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 686,000 shares of the scientific and technical instruments company’s stock worth $54,578,000 after buying an additional 16,000 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Allegion by 21,917.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 7,706 shares of the scientific and technical instruments company’s stock worth $8,064,000 after buying an additional 7,671 shares during the last quarter. We Are One Seven LLC bought a new position in Allegion during the fourth quarter worth $296,000. Finally, DF Dent & Co. Inc. bought a new position in Allegion during the fourth quarter worth $590,000. 92.17% of the stock is owned by institutional investors and hedge funds.

Allegion (ALLE) traded up $0.40 during mid-day trading on Wednesday, hitting $85.88. 676,617 shares of the stock traded hands, compared to its average volume of 758,469. The company has a market capitalization of $8,136.45, a P/E ratio of 30.13, a P/E/G ratio of 1.54 and a beta of 1.09. Allegion has a 12-month low of $73.93 and a 12-month high of $89.81. The company has a debt-to-equity ratio of 3.56, a current ratio of 2.24 and a quick ratio of 1.72.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 0.98%. This is an increase from Allegion’s previous quarterly dividend of $0.16. Allegion’s dividend payout ratio (DPR) is presently 29.47%.

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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.

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Earnings History and Estimates for Allegion (NYSE:ALLE)

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