Allegion plc (NYSE:ALLE) SVP Sells $286,327.20 in Stock

Allegion plc (NYSE:ALLEGet Rating) SVP Tracy L. Kemp sold 2,544 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $112.55, for a total value of $286,327.20. Following the transaction, the senior vice president now directly owns 10,379 shares of the company’s stock, valued at $1,168,156.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE ALLE opened at $108.60 on Thursday. The stock has a fifty day moving average price of $112.71 and a two-hundred day moving average price of $121.31. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.16 and a current ratio of 1.85. The firm has a market cap of $9.54 billion, a P/E ratio of 20.84, a PEG ratio of 2.21 and a beta of 1.03. Allegion plc has a 1 year low of $105.06 and a 1 year high of $148.70.

Allegion (NYSE:ALLEGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. The firm had revenue of $723.60 million during the quarter, compared to analyst estimates of $709.67 million. Allegion had a return on equity of 57.54% and a net margin of 16.15%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. On average, research analysts predict that Allegion plc will post 5.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, June 15th. Allegion’s payout ratio is currently 31.48%.

A number of hedge funds and other institutional investors have recently modified their holdings of ALLE. Private Advisor Group LLC lifted its position in shares of Allegion by 35.2% during the 1st quarter. Private Advisor Group LLC now owns 2,090 shares of the scientific and technical instruments company’s stock valued at $229,000 after acquiring an additional 544 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Allegion by 58.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 62,512 shares of the scientific and technical instruments company’s stock valued at $6,862,000 after acquiring an additional 23,002 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Allegion by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 6,947 shares of the scientific and technical instruments company’s stock valued at $759,000 after acquiring an additional 510 shares during the last quarter. Lafayette Investments Inc. lifted its position in shares of Allegion by 6.8% during the 1st quarter. Lafayette Investments Inc. now owns 19,997 shares of the scientific and technical instruments company’s stock valued at $2,195,000 after acquiring an additional 1,275 shares during the last quarter. Finally, Veritable L.P. lifted its position in shares of Allegion by 3.2% during the 1st quarter. Veritable L.P. now owns 3,771 shares of the scientific and technical instruments company’s stock valued at $414,000 after acquiring an additional 117 shares during the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently commented on ALLE. Morgan Stanley lowered their target price on Allegion from $134.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Mizuho lowered their target price on Allegion from $170.00 to $145.00 and set a “buy” rating for the company in a report on Wednesday, February 16th. Credit Suisse Group decreased their price objective on Allegion from $142.00 to $134.00 and set a “neutral” rating for the company in a report on Wednesday, February 16th. The Goldman Sachs Group decreased their price objective on Allegion from $153.00 to $137.00 and set a “buy” rating for the company in a report on Thursday, April 7th. Finally, Barclays decreased their price objective on Allegion from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, April 4th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Allegion presently has an average rating of “Buy” and a consensus price target of $142.40.

About Allegion (Get Rating)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories.

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