Allegion PLC (ALLE) was Downgraded by CLSA to ” Outperform”. Earlier the firm had a rating of “Buy ” on the company shares. CLSA advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Allegion PLC. Goldman Initiated Allegion PLC on Jun 10, 2016 to “Buy”, Price Target of the shares are set at $78.
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 opened for trading at $71.92 and hit $72.2 on the upside on Wednesday, eventually ending the session at $71.93, with a gain of 0.13% or 0.09 points. The heightened volatility saw the trading volume jump to 3,17,890 shares. Company has a market cap of $6,886 M.
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.