Allegion (ALLE) Projected to Post Quarterly Earnings on Tuesday

Allegion (NYSE:ALLE) will likely be announcing its earnings results before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $938.91 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Allegion Stock Up 0.3 %

Shares of ALLE stock opened at $133.51 on Monday. The stock has a market cap of $11.61 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11. Allegion has a one year low of $113.27 and a one year high of $156.10. The stock has a fifty day moving average price of $132.30 and a 200 day moving average price of $137.41. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This is a boost from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, March 14th. Allegion’s dividend payout ratio (DPR) is 29.49%.

Insider Activity

In other Allegion news, CEO John H. Stone bought 7,500 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the purchase, the chief executive officer now owns 120,481 shares in the company, valued at $16,951,676.70. This represents a 6.64 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on ALLE shares. Barclays reduced their target price on Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird lifted their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company cut their price objective on Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley assumed coverage on Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price objective for the company. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $140.83.

Allegion Company Profile

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