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Allegion upgraded to Neutral from Underperform at Credit Suisse » 05:45
03/10/20
03/10
05:45
03/10/20
05:45
ALLE

Allegion

$115.29 /

-4.42 (-3.69%)

Credit Suisse analyst…

Credit Suisse analyst John Walsh upgraded Allegion to Neutral from Underperform with a price target of $112, down from $118. The analyst is taking a more defensive position across construction exposures. The Americas, which makes up the balance of Allegion's portfolio, continues to execute while trends for U.S. construction remain favorable, Walsh tells investors in a research note.

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Hot Stocks
Allegion trading resumes  10:01
03/09/20
03/09
10:01
03/09/20
10:01
ALLE

Allegion

$112.23 /

-7.48 (-6.25%)

 
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Hot Stocks
Allegion trading halted, volatility trading pause  09:54
03/09/20
03/09
09:54
03/09/20
09:54
ALLE

Allegion

$112.23 /

-7.48 (-6.25%)

 
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Over a month ago
Downgrade
Allegion downgraded to Equal Weight on valuation at Wells Fargo » 06:14
02/20/20
02/20
06:14
02/20/20
06:14
ALLE

Allegion

$131.15 /

-3.145 (-2.34%)

Wells Fargo analyst Deepa…

Wells Fargo analyst Deepa Raghavan downgraded Allegion to Equal Weight from Overweight with a $137 price target. The analyst cites valuation for the downgrade and says the thesis has played out with the stock up 50% over the past 12 months. The expectation for better initial 2020 organic growth guidance has been largely realized, Raghavan tells investors in a research note.

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03/08/13
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Downgrade
Allegion downgraded to Equal Weight from Overweight at Wells Fargo » 05:43
02/20/20
02/20
05:43
02/20/20
05:43
ALLE

Allegion

$131.15 /

-3.145 (-2.34%)

Wells Fargo analyst Deepa…

Wells Fargo analyst Deepa Raghavan downgraded Allegion to Equal Weight from Overweight with a $137 price target.

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Conference/Events
Barclays to hold a conference » 04:55
02/20/20
02/20
04:55
02/20/20
04:55
APTV

Aptiv

$90.72 /

+2.7 (+3.07%)

, HON

Honeywell

$180.87 /

+1.51 (+0.84%)

, JELD

Jeld-Wen

$22.26 /

-0.09 (-0.40%)

, ALLE

Allegion

$131.15 /

-3.145 (-2.34%)

, CF

CF Industries

$39.41 /

+1.28 (+3.36%)

, CMI

Cummins

$167.81 /

+1.75 (+1.05%)

, CP

Canadian Pacific

$270.25 /

+1.275 (+0.47%)

, CSX

CSX

$80.18 /

+0.68 (+0.86%)

, EMN

Eastman Chemical

$73.14 /

+0.46 (+0.63%)

, GD

General Dynamics

$186.48 /

-1.63 (-0.87%)

, UNP

Union Pacific

$183.45 /

+1.34 (+0.74%)

, JCI

Johnson Controls

$42.00 /

+ (+0.00%)

, PH

Parker-Hannifin

$211.96 /

+1.42 (+0.67%)

, RXN

Rexnord

$34.96 /

-0.14 (-0.40%)

, ROP

Roper Technologies

$388.38 /

-0.9 (-0.23%)

, ROK

Rockwell Automation

$200.35 /

+1.58 (+0.79%)

, RBC

Regal Beloit

$88.22 /

-0.41 (-0.46%)

, JBHT

J.B. Hunt

$110.17 /

+0.58 (+0.53%)

, J

Jacobs

$101.44 /

+0.865 (+0.86%)

, JBLU

JetBlue

$20.81 /

-0.48 (-2.25%)

, LII

Lennox

$246.36 /

+0.17 (+0.07%)

, MMM

3M

$159.37 /

+0.54 (+0.34%)

, MTZ

MasTec

$61.47 /

+0.94 (+1.55%)

, NVT

nVent Electric

$28.30 /

+0.425 (+1.52%)

Industrial Select…

Industrial Select Conference 2020 will be held in Miami on February 19-20.

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03/08/13
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Conference/Events
Barclays to hold a conference » 08:18
02/19/20
02/19
08:18
02/19/20
08:18
APTV

Aptiv

$88.02 /

-0.31 (-0.35%)

, HON

Honeywell

$179.36 /

-1.43 (-0.79%)

, JELD

Jeld-Wen

$22.35 /

-2.855 (-11.33%)

, ALLE

Allegion

$134.30 /

-4.885 (-3.51%)

, CF

CF Industries

$38.13 /

-0.16 (-0.42%)

, CMI

Cummins

$166.06 /

-0.72 (-0.43%)

, CP

Canadian Pacific

$268.97 /

-1.77 (-0.65%)

, CSX

CSX

$79.50 /

-0.1 (-0.13%)

, EMN

Eastman Chemical

$72.68 /

-2.07 (-2.77%)

, GD

General Dynamics

$188.11 /

+0.1 (+0.05%)

, UNP

Union Pacific

$182.11 /

-1.78 (-0.97%)

, JCI

Johnson Controls

$42.00 /

+0.05 (+0.12%)

, PH

Parker-Hannifin

$210.54 /

-1.32 (-0.62%)

, RXN

Rexnord

$35.10 /

-0.21 (-0.59%)

, ROP

Roper Technologies

$389.28 /

-3.44 (-0.88%)

, ROK

Rockwell Automation

$198.77 /

-1.88 (-0.94%)

, RBC

Regal Beloit

$88.63 /

-0.32 (-0.36%)

, JBHT

J.B. Hunt

$109.59 /

-0.38 (-0.35%)

, J

Jacobs

$100.57 /

-0.09 (-0.09%)

, JBLU

JetBlue

$21.29 /

+0.02 (+0.09%)

, LII

Lennox

$246.19 /

+1.23 (+0.50%)

, MMM

3M

$158.83 /

-2.16 (-1.34%)

, MTZ

MasTec

$60.53 /

+ (+0.00%)

, NVT

nVent Electric

$27.88 /

+0.175 (+0.63%)

Industrial Select…

Industrial Select Conference 2020 will be held in Miami on February 19-20.

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03/08/13
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Earnings
Allegion sees FY20 adj. EPS $5.10-$5.20, consensus $5.32 » 05:47
02/18/20
02/18
05:47
02/18/20
05:47
ALLE

Allegion

$139.18 /

+2.42 (+1.77%)

Sees FY20 revenue up…

Sees FY20 revenue up 3%-4%. Revenue growth is expected to be led by the Americas region, at an estimated 4% to 5% overall and 4.5% to 5.5% on an organic basis.

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Earnings
Allegion reports Q4 adj. EPS $128, consensus $1.29 » 05:45
02/18/20
02/18
05:45
02/18/20
05:45
ALLE

Allegion

$139.18 /

+2.42 (+1.77%)

Reports Q4 revenue…

Reports Q4 revenue $719.5M, consensus $733.46M. "I am extremely pleased with Americas' fourth-quarter performance," said David Petratis, Allegion chairman, president and CEO. "The region delivered strong organic growth and electronics performed well as we continue to see healthy end-market fundamentals there. Conversely, weak market conditions in Australia and softened market conditions across China and Europe during the quarter posed challenges for the other regions."

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Downgrade
Allegion downgraded to Neutral from Buy at BofA » 06:14
02/13/20
02/13
06:14
02/13/20
06:14
ALLE

Allegion

$138.64 /

+0.75 (+0.54%)

BofA analyst Andrew Obin…

BofA analyst Andrew Obin downgraded Allegion to Neutral from Buy with an unchanged $140 price target. The analyst notes that with the stock trading at an all-time high valuation of 19-times enterprise value to expected forward EBITDA - more than two standard deviations above the historical mean - there is limited room for further multiple expansion. Obin adds that Allegion's nonresidential growth and margin expansion have likely been priced in, and he sees few other catalysts for multiple expansion above the current level.

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