Allegion (NYSE:ALLE) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.250-$5.400 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.240. The company issued revenue guidance of $2.91 billion-$2.92 billion, compared to the consensus revenue estimate of $2.86 billion.Allegion also updated its FY21 guidance to $5.25-5.40 EPS.
Several equities research analysts have recently issued reports on ALLE shares. Morgan Stanley lifted their price objective on shares of Allegion from $138.00 to $149.00 and gave the company an equal weight rating in a research report on Monday, April 26th. Barclays upgraded shares of Allegion from an underweight rating to an overweight rating and lifted their price objective for the company from $107.00 to $150.00 in a research report on Tuesday, April 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $125.50.
NYSE ALLE traded down $4.91 on Thursday, hitting $135.56. 30,327 shares of the stock were exchanged, compared to its average volume of 645,363. The company has a quick ratio of 1.50, a current ratio of 2.07 and a debt-to-equity ratio of 1.96. The business has a fifty day moving average price of $138.56. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 4.79 and a beta of 1.19. Allegion has a 52-week low of $94.01 and a 52-week high of $144.76.
In other Allegion news, VP Timothy P. Eckersley sold 3,496 shares of the firm’s stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $140.99, for a total transaction of $492,901.04. Following the transaction, the vice president now owns 37,535 shares of the company’s stock, valued at approximately $5,292,059.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy P. Eckersley sold 1,896 shares of the firm’s stock in a transaction dated Tuesday, May 25th. The shares were sold at an average price of $139.49, for a total transaction of $264,473.04. Following the transaction, the vice president now directly owns 35,935 shares in the company, valued at approximately $5,012,573.15. The disclosure for this sale can be found here. Insiders have sold 11,074 shares of company stock valued at $1,547,399 over the last three months. Insiders own 0.67% of the company’s stock.
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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