Allegion plc (ALLE) To Go Ex-Dividend on December 17th

Allegion plc (NYSE:ALLE) declared a quarterly dividend on Thursday, December 5th,RTT News reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.48 per share by the scientific and technical instruments company on Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 17th.

Allegion has raised its dividend payment by an average of 12.0% annually over the last three years. Allegion has a dividend payout ratio of 24.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Allegion to earn $7.60 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 25.3%.

Allegion Price Performance

Shares of NYSE ALLE opened at $138.83 on Friday. Allegion has a fifty-two week low of $112.26 and a fifty-two week high of $156.10. The company has a market cap of $12.07 billion, a PE ratio of 21.33, a P/E/G ratio of 3.35 and a beta of 1.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The business has a 50-day simple moving average of $143.03 and a two-hundred day simple moving average of $134.04.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company had revenue of $967.10 million during the quarter, compared to analysts’ expectations of $970.70 million. During the same period last year, the business earned $1.94 EPS. Allegion’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts expect that Allegion will post 7.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Robert W. Baird increased their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Mizuho increased their price target on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company lifted their price objective on shares of Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Barclays increased their price objective on shares of Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $144.60.

Insider Activity at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $144.92, for a total value of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John H. Stone acquired 7,500 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the transaction, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Allegion Company Profile

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.