Stocks of Allegion plc (NYSE:ALLE) traded higher last session on Wall Street, up 0.86% to $122.60.
ALLE stock price is now -4.12% away from the 50-day moving average and 4.51% away from the 200-day moving average. The market capitalization of the company currently stands at $10.72B.
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With the price target enhanced from $140 to $141, Mizuho Downgraded its rating from Buy to Neutral for Allegion plc (NYSE: ALLE). On February 21, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $139 to quote $140, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Eckersley Timothy P, Sr. VP-Allegion International sold 2,291 shares of the company’s stock on Mar 12 ’24. The stock was sold for $304,130 at an average price of $132.75. Upon completion of the transaction, the Sr. VP-Allegion International now directly owns 33,276 shares in the company, valued at $4.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, Sr. VP-Allegion International Eckersley Timothy P sold 5,089 shares of the business’s stock. A total of $664,799 was realized by selling the stock at an average price of $130.63. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, Allegion plc has had a low of $95.94 and a high of $136.91. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 1.31, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $12493129728, which is based on a 20.00 price-to-earnings ratio, a 3.03 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for ALLE is $127.7124 and a two-hundred day moving average price translates $117.3707 for the stock.
The latest earnings results from Allegion plc (NYSE: ALLE) was released for 2024-03-31. According to the Security & Protection Services Company, earnings per share came in at 1.76, beating analysts’ expectations of 1.71 by 0.05. This compares to $1.40 EPS in the same period last year. The net profit margin was 14.93% and return on equity was 45.20% for ALLE. The company reported revenue of $893.9 million for the quarter, compared to $923.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.15 percent. For the current quarter, analysts expect ALLE to generate $948.86M in revenue.
