StockNews.com equity analysts assumed coverage of the company Allegion in a research report published on Thursday and made available on the website (NYSE: ALLE).
The company advised its customers to “purchase” the stock of the scientific and technical instruments manufacturer to maximize their profits.
Allegion (NYSE: ALLE) released the most recent quarterly results report on February 22, after the market had closed for the day.
The scientific and technical equipment manufacturer reported earnings per share for the quarter of $1.60, which was $0.22 higher than the consensus estimate of analysts, who had predicted only $1.38.
The analysts had predicted only $1.38.
The return on equity for Allegion came in at 61.54%, while the net margin for the company was 14.00%.
The company’s quarterly sales came in at $861.50 million, significantly higher than the consensus forecast of $849.15 million reported earlier.
The company posted earnings of $1.11 per share during the same period the year before when compared to the current year.
The growth in the company’s revenue was 21.5% higher when measured against the prior year’s numbers.
Allegion should realize a profit of $6.38 per share in 2018, according to the projections of industry analysts.
On Thursday, the price of ALLE was $103.84 when trading began on the New York Stock Exchange.
The debt-to-equity ratio stands at 2.20 to 1, the quick ratio at 1.05 to 1, and the current ratio at 1.73 to 1.
The moving average of the company’s stock price over the past 50 days is $114.38, and the moving average of its stock price over the past 200 days is $106.14.
The company has a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 2.61, and a beta of 1.10.
The company’s total value, as measured by its market capitalization, is $9.12 billion.
Throughout Allegion’s existence, the company’s stock price has fluctuated between a 52-week low of $87.33 and a 52-week high of $123.46.
In addition, numerous equity analysts from various firms have penned reports on ALLE throughout the past few years.
In a report published on February 23, Mizuho shifted its rating for Allegion from “hold” to “buy,” reflecting the firm’s more bullish outlook on the company.
They also raised their price target, bringing it up to $128.000 from the previous $123.00.
In a research note published on January 5, Barclays raised its “overweight” rating for Allegion and raised its price objective on the stock from $127.00 to $129.00. Wells Fargo & Company published a research note on Thursday, January 19, stating that they had upgraded Allegion from an “underweight” rating to an “equal weight” rating and had increased their target price on the stock from $121.00 to $130.00.
In a research note published on Monday, February 6, Robert W.
Baird increased their price target on Allegion shares.
The previous price target of $116.00 has been increased to the current price target of $132.00 for Allegion shares. Vertical Research moved Allegion from a “hold” rating to a “buy” rating and set a price target of $128.00 per share in a report released on Tuesday, January 3.
The report was published on the same day.
The stock has been recommended to sell by one of the equity research analysts, a recommendation to hold it by four of them, and a recommendation to buy by six.
According to data from Bloomberg, most market analysts have assigned the company a “hold” rating and have projected that its share price will reach $122.78.
Recently, the market has seen active participation from hedge funds and other institutional investors who have been buying and selling ALLE shares. Raymond James Financial Services Advisors INC increased the amount of Allegion stock owned by 27.3% during the first three months of 2018. Raymond James Financial Services Advisors INC now owns 9,068 scientific and technical instruments business shares.
This brings the total number of shares owned by the company to 1,944 more than before the most recent quarter.
The market value of the company as of right now is $996,000.
During the first three months of 2018, American Century Companies INC increased the amount of Allegion stock owned by 11.8%, bringing the total to a 100% ownership stake. Following acquiring a further 614 shares during the most recent fiscal quarter, American Century Companies INC now holds 5,825 shares of the scientific and technical instruments company’s stock.
These 5,825 shares have a combined value of $639,000, which the company obtained by purchasing an additional $614 worth of stock.
During the first three months of 2018, HighTower Advisors LLC made a 7.9% purchase of additional Allegion stock, which increased the company’s ownership percentage. HighTower Advisors LLC now holds 6,947 shares of the scientific and technical instruments company’s stock after purchasing an additional 510 shares during the most recent quarter.
Based on the stock’s current price, HighTower Advisors LLC has invested $759,000 in the business.
The percentage of Allegion shares that Private Advisor Group LLC owned at the beginning of the year increased by 35.2% over the first three months.
After purchasing an additional 544 shares during the most recent quarter, Private Advisor Group LLC now has 2,090 shares of the scientific and technical instruments company.
The current value of these shares is $229,000.
And finally, during the first three months of this year, the Healthcare of Ontario Pension Plan Trust Fund increased 88.3% in the percentage of Allegion shares that it owned, bringing the total number of shares it owns to total of 1.
The Healthcare of Ontario Pension Plan Trust Fund increased its ownership of the stock of a manufacturer of scientific and technical instruments by 3,336 shares during the most recent quarter by making an additional purchase of 1,564 of those shares.
The current market value of these shares is $366,000.
The most recent fiscal quarter was used for the purchase of these shares.
The majority of the shares in the company are owned by institutional investors and hedge funds, which account for 92.78 percent of the total.
Allegion Plc can keep individuals safe and secure while also allowing them to achieve their full potential in terms of productivity because the company creates and provides security products and services.
The Americas, the Middle East, India, and Africa (EMEIA), and Asia Pacific are the three geographical zones where it conducts business.
Products and services such as locks, locksets, portable locks, key systems, door closers, exit devices, doors and door systems, electronic goods, and access control and time-and-attendance systems are examples of what can be found on the market in the Americas. Other examples include doors and door systems.