Wells Fargo analyst Joe O’Dea maintained a Hold rating on Allegion (ALLE – Research Report) yesterday and set a price target of $140.00. The company’s shares closed last Friday at $130.85.
According to TipRanks, O’Dea is a 4-star analyst with an average return of 7.2% and a 58.97% success rate. O’Dea covers the Industrials sector, focusing on stocks such as Johnson Controls, Emerson Electric Company, and Parker Hannifin.
The word on The Street in general, suggests a Hold analyst consensus rating for Allegion with a $134.14 average price target.
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The company has a one-year high of $136.91 and a one-year low of $95.58. Currently, Allegion has an average volume of 877.1K.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALLE in relation to earlier this year. Last month, Robert C. Martens, the SVP Chief Innovation & Design of ALLE sold 5,391.00 shares for a total of $716,140.44.
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Allegion (ALLE) Company Description:
Allegion Plc provides security products and solutions that keep people safe, secure and productiv. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific. The Americas segment sells a range of products and solutions such locks, locksets, portable locks, key systems, door closers, exit devices, doors and door systems, electronic products, and access control and time and attendance systems. The EMEIA segment offers the same portfolio of products as the Americas segment as well as time and attendance and workforce productivity solutions. The Asia Pacific segment also provides the same product portfolio in addition to video analytics solutions. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.
Read More on ALLE:
- Allegion acquires Spain’s control solutions provider Dorcas, no terms
- Allegion downgraded to Neutral from Buy at Mizuho
- Allegion price target raised to $146 from $136 at Baird
- Wells Fargo downgrades Allegion to Equal Weight following recent strength
- Allegion price target raised to $121 from $119 at Barclays
