Credit Suisse Group lowered shares of Allegion (NYSE:ALLE) from an outperform rating to a neutral rating in a research note published on Monday, Benzinga reports. They currently have $112.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $108.00. The analysts noted that the move was a valuation call.

Other research analysts have also issued reports about the stock. Bank of America set a $10.00 price objective on shares of HEXO and gave the stock a buy rating in a research note on Thursday, June 13th. Imperial Capital lowered shares of Lionsgate to an in-line rating and decreased their price target for the company from $24.00 to $16.00 in a research note on Monday, April 29th. Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the company a hold rating in a research note on Friday, April 26th. Finally, ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Allegion currently has a consensus rating of Hold and a consensus target price of $103.50.

Shares of Allegion stock traded down $0.05 during trading on Monday, hitting $109.27. 397,928 shares of the stock were exchanged, compared to its average volume of 738,849. The firm has a market cap of $10.27 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.18. The stock has a fifty day moving average of $105.03. Allegion has a 1-year low of $74.83 and a 1-year high of $111.99. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.75 and a quick ratio of 1.14.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $655.00 million for the quarter, compared to analyst estimates of $654.66 million. Allegion had a net margin of 15.97% and a return on equity of 72.88%. Allegion’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. Equities research analysts expect that Allegion will post 4.85 earnings per share for the current fiscal year.

In other Allegion news, SVP Jeffrey M. Wood sold 5,357 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $99.17, for a total transaction of $531,253.69. Following the transaction, the senior vice president now owns 6,642 shares in the company, valued at approximately $658,687.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Douglas P. Ranck sold 3,036 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $104.64, for a total transaction of $317,687.04. Following the transaction, the chief accounting officer now owns 5,442 shares in the company, valued at approximately $569,450.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,611 shares of company stock worth $1,498,349. 0.77% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Gotham Asset Management LLC bought a new stake in shares of Allegion during the 4th quarter worth approximately $284,000. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Allegion during the 1st quarter worth approximately $220,000. FMR LLC lifted its holdings in shares of Allegion by 13.5% during the 1st quarter. FMR LLC now owns 1,815,943 shares of the scientific and technical instruments company’s stock worth $164,724,000 after acquiring an additional 215,361 shares during the period. Horizon Investments LLC bought a new stake in shares of Allegion during the 1st quarter worth approximately $232,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Allegion by 21.5% during the 1st quarter. SG Americas Securities LLC now owns 18,312 shares of the scientific and technical instruments company’s stock worth $1,661,000 after acquiring an additional 3,237 shares during the period. Hedge funds and other institutional investors own 93.47% of the company’s stock.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile 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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Analyst Recommendations for Allegion (NYSE:ALLE)

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