Allegion (ALLE) Expected to Announce Earnings on Tuesday

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

Allegion Trading Up 1.4 %

ALLE stock opened at $130.53 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The business’s 50-day moving average is $133.15 and its 200 day moving average is $137.57. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 3.19 and a beta of 1.11. Allegion has a 12-month low of $113.27 and a 12-month high of $156.10.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is presently 31.34%.

Insider Buying and Selling at Allegion

In other news, CEO John H. Stone bought 7,500 shares of the stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. The trade was a 6.64 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ALLE. Wells Fargo & Company reduced their target price on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Barclays lowered their price objective on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Mizuho lifted their price target on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Robert W. Baird increased their price target on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $140.83.

About Allegion

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.