Allegion (ALLE) Receives a Hold from Morgan Stanley

Morgan Stanley analyst Christopher Snyder maintained a Hold rating on Allegion today and set a price target of $165.00.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Snyder is a 4-star analyst with an average return of 11.1% and a 55.61% success rate. Snyder covers the Industrials sector, focusing on stocks such as Ralliant Corporation, WW Grainger, and Johnson Controls.

In addition to Morgan Stanley, Allegion also received a Hold from Barclays’s Julian Mitchell in a report issued yesterday. However, on February 18, TipRanks – OpenAI reiterated a Buy rating on Allegion (NYSE: ALLE).

Based on Allegion’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.03 billion and a net profit of $147.5 million. In comparison, last year the company earned a revenue of $945.6 million and had a net profit of $144.1 million

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Steven Mizell, a Director at ALLE sold 1,000.00 shares for a total of $161,510.00.