Allegion (ALLE) Earning Somewhat Positive Media Coverage, Report Shows

Media coverage about Allegion (NYSE:ALLE) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegion earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the scientific and technical instruments company an impact score of 46.0203661040845 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern’s scoring:

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Shares of Allegion (NYSE:ALLE) traded up $0.40 during trading on Friday, hitting $85.88. 676,617 shares of the company traded hands, compared to its average volume of 758,469. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.72 and a current ratio of 2.24. The company has a market cap of $8,136.45, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. Allegion has a 52 week low of $73.93 and a 52 week high of $89.81.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.17. The company had revenue of $623.00 million during the quarter, compared to analyst estimates of $605.13 million. Allegion had a net margin of 11.35% and a return on equity of 126.46%. Allegion’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. equities analysts anticipate that Allegion will post 4.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.21 per share. This is a positive change from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, March 14th. Allegion’s dividend payout ratio (DPR) is currently 29.47%.

Several research firms have recently commented on ALLE. Imperial Capital reaffirmed an “outperform” rating and issued a $94.00 target price (up from $85.00) on shares of Allegion in a research report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 price target for the company in a research note on Thursday, February 22nd. Wells Fargo reiterated an “outperform” rating and issued a $105.00 price target (up from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Finally, Barclays started coverage on shares of Allegion in a research note on Thursday, February 15th. They issued an “overweight” rating and a $100.00 price target for the company. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $95.83.

In other Allegion news, VP Tracy L. Kemp sold 14,821 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $86.01, for a total transaction of $1,274,754.21. Following the completion of the sale, the vice president now directly owns 18,283 shares in the company, valued at approximately $1,572,520.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Patrick S. Shannon sold 20,200 shares of the firm’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $85.83, for a total transaction of $1,733,766.00. Following the sale, the chief financial officer now owns 68,790 shares of the company’s stock, valued at $5,904,245.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,415 shares of company stock valued at $4,924,641. 0.64% of the stock is owned by company insiders.

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Allegion 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.

Insider Buying and Selling by Quarter for Allegion (NYSE:ALLE)

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