Robert W. Baird set a $85.00 target price on Allegion PLC (NYSE:ALLE) in a research note published on Thursday morning. The firm currently has a hold rating on the scientific and technical instruments company’s stock.

Other equities analysts also recently issued reports about the company. Credit Suisse Group reaffirmed a buy rating and set a $89.00 price target on shares of Allegion PLC in a research report on Friday, April 28th. Zacks Investment Research raised Allegion PLC from a hold rating to a buy rating and set a $91.00 price target on the stock in a research report on Friday, June 30th. BidaskClub raised Allegion PLC from a hold rating to a buy rating in a research report on Wednesday, June 21st. Wolfe Research initiated coverage on Allegion PLC in a research report on Tuesday, July 11th. They set a market perform rating on the stock. Finally, Imperial Capital upped their price target on Allegion PLC from $79.00 to $85.00 and gave the stock an outperform rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Allegion PLC currently has a consensus rating of Buy and an average target price of $86.00.

Shares of Allegion PLC (NYSE:ALLE) opened at 77.62 on Thursday. The company has a market cap of $7.37 billion, a P/E ratio of 30.03 and a beta of 1.10. Allegion PLC has a 12-month low of $61.47 and a 12-month high of $82.90. The stock’s 50 day moving average price is $80.05 and its 200 day moving average price is $77.53.

Allegion PLC (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.11. The business had revenue of $627 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%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 earnings per share. On average, analysts forecast that Allegion PLC will post $3.78 EPS for the current year.

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In related news, insider Todd V. Graves sold 1,858 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $79.19, for a total value of $147,135.02. Following the transaction, the insider now directly owns 12,084 shares of the company’s stock, valued at approximately $956,931.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Timothy P. Eckersley sold 12,782 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.14, for a total value of $1,037,131.48. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ALLE. Suntrust Banks Inc. bought a new stake in shares of Allegion PLC during the first quarter valued at $208,000. AKO Capital LLP increased its stake in shares of Allegion PLC by 16.0% in the first quarter. AKO Capital LLP now owns 856,657 shares of the scientific and technical instruments company’s stock valued at $64,858,000 after buying an additional 118,229 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Allegion PLC by 0.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 103,446 shares of the scientific and technical instruments company’s stock valued at $7,847,000 after buying an additional 820 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Allegion PLC by 22.9% in the first quarter. American Century Companies Inc. now owns 1,886,732 shares of the scientific and technical instruments company’s stock valued at $142,826,000 after buying an additional 350,948 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Allegion PLC by 2.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,698 shares of the scientific and technical instruments company’s stock valued at $3,607,000 after buying an additional 990 shares in the last quarter. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

About Allegion PLC

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.

Analyst Recommendations for Allegion PLC (NYSE:ALLE)

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