Shares of Allegion PLC (NYSE:ALLE) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $95.25.

A number of research analysts recently issued reports on the company. Morgan Stanley assumed coverage on Allegion in a report on Monday, August 20th. They set an “equal weight” rating and a $88.00 price target on the stock. ValuEngine upgraded Allegion from a “sell” rating to a “hold” rating in a report on Thursday, June 7th. Wells Fargo & Co reduced their price target on Allegion from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, July 17th. Finally, Zacks Investment Research downgraded Allegion from a “buy” rating to a “hold” rating in a report on Friday, July 20th.

In other Allegion news, insider Douglas P. Ranck sold 3,200 shares of Allegion stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $89.78, for a total transaction of $287,296.00. Following the sale, the insider now directly owns 10,348 shares of the company’s stock, valued at approximately $929,043.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in Allegion by 4.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 524,726 shares of the scientific and technical instruments company’s stock worth $44,754,000 after acquiring an additional 23,920 shares during the last quarter. US Bancorp DE increased its stake in Allegion by 6.1% during the first quarter. US Bancorp DE now owns 45,018 shares of the scientific and technical instruments company’s stock valued at $3,839,000 after purchasing an additional 2,594 shares during the last quarter. Tredje AP fonden increased its stake in Allegion by 13.5% during the first quarter. Tredje AP fonden now owns 7,040 shares of the scientific and technical instruments company’s stock valued at $600,000 after purchasing an additional 840 shares during the last quarter. KBC Group NV boosted its holdings in shares of Allegion by 4.6% during the first quarter. KBC Group NV now owns 197,895 shares of the scientific and technical instruments company’s stock valued at $16,878,000 after acquiring an additional 8,619 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Allegion by 5.0% during the first quarter. BlackRock Inc. now owns 6,420,934 shares of the scientific and technical instruments company’s stock valued at $547,641,000 after acquiring an additional 304,047 shares during the period. 94.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Allegion stock traded down $0.54 during trading hours on Wednesday, reaching $89.53. The company had a trading volume of 5,514 shares, compared to its average volume of 531,613. Allegion has a one year low of $73.85 and a one year high of $91.58. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.80 and a quick ratio of 1.24. The firm has a market capitalization of $8.56 billion, a P/E ratio of 22.68, a PEG ratio of 1.53 and a beta of 1.08.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, July 26th. The scientific and technical instruments company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.05. Allegion had a return on equity of 91.38% and a net margin of 11.19%. The firm had revenue of $704.70 million during the quarter, compared to analyst estimates of $697.96 million. During the same period last year, the company earned $1.11 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts expect that Allegion will post 4.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Monday, September 17th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, September 14th. This represents a $0.84 annualized dividend and a yield of 0.94%. Allegion’s payout ratio is 21.21%.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.

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Analyst Recommendations for Allegion (NYSE:ALLE)

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