Allegion (ALLE) Receiving Somewhat Positive News Coverage, Analysis Shows
News headlines about Allegion (NYSE:ALLE) have been trending somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegion earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the scientific and technical instruments company an impact score of 46.92731389605 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Viewpoint: TGP’s Jeff Razwick Talks of Growth and Change following Allegion Acquisition (glassmagazine.com)
- Schlage Unveils its Next Major Innovation–Schlage Custom™ Door Hardware (finance.yahoo.com)
- CES 2018: The Critically-Acclaimed Schlage Sense™ Smart Deadbolt Now Works with the Google Assistant (finance.yahoo.com)
- Allegion PLC (ALLE) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
Shares of Allegion (NYSE ALLE) traded up $0.66 on Friday, reaching $85.04. The company had a trading volume of 904,205 shares, compared to its average volume of 744,616. The stock has a market cap of $8,082.46, a PE ratio of 24.16, a P/E/G ratio of 1.43 and a beta of 1.08. Allegion has a 1 year low of $64.62 and a 1 year high of $89.81. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54.
Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.02. The firm had revenue of $609.40 million for the quarter, compared to analysts’ expectations of $622.18 million. Allegion had a return on equity of 154.50% and a net margin of 14.37%. Allegion’s revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. equities analysts anticipate that Allegion will post 3.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a yield of 0.75%. Allegion’s dividend payout ratio is currently 18.18%.
A number of research analysts recently issued reports on ALLE shares. BidaskClub raised Allegion from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Robert W. Baird reaffirmed a “hold” rating on shares of Allegion in a report on Tuesday, September 26th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Finally, Zacks Investment Research lowered Allegion from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $89.75.
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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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