Exclusive: Could Allegion PLC Rise Even More? The Stock Had Another Big Increase Today

Exclusive: Could Allegion PLC Rise Even More? The Stock Had Another Big Increase Today

The stock of Allegion PLC (NYSE:ALLE) is a huge mover today! About 193,221 shares traded hands. Allegion PLC (NYSE:ALLE) has risen 4.18% since March 3, 2016 and is uptrending. It has underperformed by 4.16% the S&P500.
The move comes after 8 months positive chart setup for the $6.53 billion company. It was reported on Oct, 6 by Barchart.com. We have $114.02 PT which if reached, will make NYSE:ALLE worth $4.44B more.

Analysts await Allegion PLC (NYSE:ALLE) to report earnings on November, 3. They expect $0.95 EPS, up 3.26% or $0.03 from last year’s $0.92 per share. ALLE’s profit will be $91.40M for 17.86 P/E if the $0.95 EPS becomes a reality. After $0.99 actual EPS reported by Allegion PLC for the previous quarter, Wall Street now forecasts -4.04% negative EPS growth.

Allegion PLC (NYSE:ALLE) Ratings Coverage

Out of 8 analysts covering Allegion PLC (NYSE:ALLE), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Allegion PLC has been the topic of 13 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Wednesday, September 9 by Wells Fargo. The firm has “In-Line” rating given on Tuesday, August 2 by Imperial Capital. The stock of Allegion PLC (NYSE:ALLE) earned “Buy” rating by Goldman Sachs on Friday, June 10. CLSA upgraded the stock to “Buy” rating in Friday, February 12 report. The stock of Allegion PLC (NYSE:ALLE) has “Outperform” rating given on Thursday, January 14 by Imperial Capital. The stock of Allegion PLC (NYSE:ALLE) has “Outperform” rating given on Wednesday, September 23 by Credit Suisse. On Tuesday, January 19 the stock rating was upgraded by Bernstein to “Outperform”. As per Wednesday, November 18, the company rating was initiated by Bank of America. Imperial Capital downgraded Allegion PLC (NYSE:ALLE) on Thursday, November 5 to “In-Line” rating. Credit Agricole upgraded Allegion PLC (NYSE:ALLE) on Friday, February 12 to “Buy” rating.

According to Zacks Investment Research, “Allegion PLC operates as a provider of security solutions for homes and businesses. It specializes in security around the doorway and beyond: everything from residential and commercial locks, door closers and exit devices, steel doors and frames, to access control and workforce productivity systems. The Company serves commercial, institutional and residential customers in the Americas, Europe, the Middle East, India, Africa, and the Asia Pacific. Its portfolio includes strategic brands CISA(R), Interflex(R), LCN(R), Schlage(R) and Von Duprin(R); and other brands including aptiQ(R), Briton(TM), Bricard(R), Dalco(TM), Dexter by Schlage(R), Falcon(R), Fusion Hardware Group(TM), Glynn-Johnson(R), ITO Kilit(TM), Ives(R), Kryptonite(R), Legge(R), Martin Roberts(TM), Normbau(TM), Randi(TM), Steelcraft(R), XceedID(R). Allegion PLC is based in Dublin, Ireland.”

Insitutional Activity: The institutional sentiment decreased to 0.74 in 2016 Q2. Its down 0.39, from 1.13 in 2016Q1. The ratio dropped, as 42 funds sold all Allegion PLC shares owned while 130 reduced positions. 28 funds bought stakes while 99 increased positions. They now own 83.07 million shares or 0.58% less from 83.55 million shares in 2016Q1.
Caxton Associates L P last reported 70,000 shares in the company. Marshall Wace Limited Liability Partnership, a United Kingdom-based fund reported 1.25 million shares. Retirement Sys Of Alabama owns 48,807 shares or 0.02% of their US portfolio. Moreover, Kcm Invest Limited Co has 0.02% invested in Allegion PLC (NYSE:ALLE) for 3,640 shares. Clearbridge Invests Limited Com owns 666 shares or 0% of their US portfolio. Royal Financial Bank Of Canada accumulated 0% or 25,879 shares. Cubist Systematic Strategies Limited Liability Corp holds 12,913 shares or 0.05% of its portfolio. Moreover, Advisory Ntwk Limited Liability has 0% invested in Allegion PLC (NYSE:ALLE) for 146 shares. Lmr Prtnrs Llp holds 0.13% or 12,363 shares in its portfolio. The Georgia-based Herndon Capital Mgmt Ltd Limited Liability Company has invested 0% in Allegion PLC (NYSE:ALLE). Hbk Sorce Advisory Limited Liability Company, a Pennsylvania-based fund reported 24,198 shares. Keybank National Association Oh has invested 0% of its portfolio in Allegion PLC (NYSE:ALLE). Goldman Sachs has invested 0.01% of its portfolio in Allegion PLC (NYSE:ALLE). Franklin Resources Inc holds 0.03% of its portfolio in Allegion PLC (NYSE:ALLE) for 701,413 shares. Wolverine Asset Mngmt Ltd Liability Co, a Illinois-based fund reported 20,000 shares.

More recent Allegion PLC (NYSE:ALLE) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on December 04, 2013. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Allegion, Leggett & Platt and Coca-Cola” on September 09, 2016. Thestreet.com‘s news article titled: “ALLEGION PLC (ALLE) Earnings Report: Q3 2015 Conference Call Transcript” with publication date: October 29, 2015 was also an interesting one.

ALLE Company Profile

Allegion Public Limited Company, incorporated on May 9, 2013, is a well-known provider of security products and solutions. The Firm offers a portfolio of mechanical and electronic security products across a range of brands. The Firm operates through three divisions: Americas; Europe, the Middle East, India and Africa (EMEIA), and Asia Pacific. The Company’s 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, and other accessories. The Firm sells its products and solutions under the brands, including CISA, AXA, Briton, Falcon, LCN, Interflex, Von Duprin, Schlage, Milre, PegaSys, SimonsVoss, aptiQ, IVES and Brio. It sells a range of security products and solutions for end users in commercial, institutional and residential facilities around the world, including into the education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets.

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