Media coverage about Allegion PLC (NYSE:ALLE) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegion PLC earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the scientific and technical instruments company an impact score of 45.1590805970717 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- What’s in Store for Allegion (ALLE) This Earnings Season? (nasdaq.com)
- Allegion to Attend Robert W. Baird & Co. 2017 Global Industrial Conference (finance.yahoo.com)
- What's in Store for Allegion (ALLE) This Earnings Season? (finance.yahoo.com)
- Analysts Anticipate Allegion PLC (ALLE) Will Post Quarterly Sales of $618.77 Million (americanbankingnews.com)
- Residential Security Market: Global Industry Perspective, Comprehensive Analysis and Forecast to 2025 (emailwire.com)
Several brokerages recently issued reports on ALLE. Robert W. Baird set a $85.00 price target on Allegion PLC and gave the stock a “hold” rating in a report on Thursday, August 24th. Wolfe Research began coverage on Allegion PLC in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. BidaskClub raised Allegion PLC from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allegion PLC in a report on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $89.75.
Shares of Allegion PLC (NYSE:ALLE) opened at 88.48 on Wednesday. The company has a 50-day moving average price of $85.14 and a 200 day moving average price of $80.74. The firm has a market capitalization of $8.40 billion, a PE ratio of 34.23 and a beta of 1.13. Allegion PLC has a 52-week low of $61.47 and a 52-week high of $89.81.
Allegion PLC (NYSE:ALLE) last announced its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.00 by $0.11. The business had revenue of $627.00 million for the quarter, compared to the consensus estimate of $613.37 million. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. Allegion PLC’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. Analysts expect that Allegion PLC will post $3.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Friday, September 15th. Allegion PLC’s payout ratio is currently 24.62%.
In other news, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $81.14, for a total value of $1,037,131.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by insiders.
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Allegion PLC Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric 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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