Allegion PLC (ALLE) was Initiated by Goldman to “Buy” and the brokerage firm has set the Price Target at $78. Goldman advised their investors in a research report released on Jun 10, 2016.
Many Wall Street Analysts have commented on Allegion PLC. Company shares were Reiterated by Imperial Capital on Apr 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 71 from a previous price target of $68 .
On the company’s financial health, Allegion PLC reported $0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.65. The company had revenue of $502.30 million for the quarter, compared to analysts expectations of $504.52 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
Allegion PLC closed down -0.03 points or -0.04% at $68.98 with 4,41,939 shares getting traded on Thursday. Post opening the session at $68.67, the shares hit an intraday low of $68.31 and an intraday high of $69.1 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Apr 7, 2016, Allegion PLC announced a cash dividend of $0.1200. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jun 30, 2016.
In a different news, on May 11, 2016, Raymond H Jr Lewis (Sr. V. President – HR & Comm.) sold 1,278 shares at $66.78 per share price. According to the SEC, on May 2, 2016, Dean I Schaffer (director) purchased 10 shares at $65.10 per share price. On Apr 8, 2016, Timothy P Eckersley (Sr. Vice President) sold 3,587 shares at $65.99 per share price, according to the Form-4 filing with the securities and exchange commission.
Allegion plc 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 products include door closers and controls electronic security products exit devices time attendance and workforce productivity systems door and door frames (steel) electronic and biometric access control systems locks locksets and key systems video analytics systems and other accessories. The Company’s products also include an array of sealing systems such as sound control fire and smoke protection threshold applications lites door louvers intumescent products photo-luminescent and flood barrier for doors.It operates in three geographic segments: Americas; Europe Middle East India and Africa (EMEIA) and Asia Pacific. The Company’s brands include CISA FALCON Briton Schlage Bricard LCN Von Duprin STEELCRAFT NORMBAU and INAFER among others.