Allegion PLC (NYSE:ALLE) insider Timothy P. Eckersley sold 7,970 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $86.40, for a total transaction of $688,608.00. Following the transaction, the insider now owns 36,855 shares in the company, valued at $3,184,272. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Allegion PLC (NYSE ALLE) traded down $0.52 during trading hours on Wednesday, reaching $85.36. 294,405 shares of the company’s stock traded hands, compared to its average volume of 799,604. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 3.56. The firm has a market cap of $8,319.21, a price-to-earnings ratio of 30.21, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09. Allegion PLC has a 12 month low of $73.93 and a 12 month high of $89.81.
Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $605.13 million. Allegion had a net margin of 11.35% and a return on equity of 126.46%. Allegion’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 EPS. sell-side analysts anticipate that Allegion PLC will post 4.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.98%. This is a positive change from Allegion’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, March 14th. Allegion’s payout ratio is presently 22.46%.
Large investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB lifted its holdings in shares of Allegion by 26.3% in the 4th quarter. Xact Kapitalforvaltning AB now owns 26,027 shares of the scientific and technical instruments company’s stock worth $2,071,000 after acquiring an additional 5,426 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Allegion by 2.4% in the 4th quarter. Handelsbanken Fonder AB now owns 686,000 shares of the scientific and technical instruments company’s stock worth $54,578,000 after acquiring an additional 16,000 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Allegion by 21,917.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 7,706 shares of the scientific and technical instruments company’s stock worth $8,064,000 after acquiring an additional 7,671 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Allegion in the 4th quarter worth approximately $296,000. Finally, DF Dent & Co. Inc. purchased a new stake in Allegion during the 4th quarter worth approximately $590,000. Institutional investors own 92.17% of the company’s stock.
ALLE has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Allegion from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Barclays restated an “overweight” rating and set a $103.00 price target (up from $100.00) on shares of Allegion in a research report on Wednesday, February 21st. Wells Fargo & Co restated an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of Allegion in a research report on Wednesday, February 21st. Finally, Imperial Capital restated an “outperform” rating and set a $94.00 price target (up from $85.00) on shares of Allegion in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $95.83.
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Allegion Company Profile
Allegion Public Limited Company 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 segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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