Allegion plc (NYSE:ALLE) SVP Sells $98,845.92 in Stock

Allegion plc (NYSE:ALLE) SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the transaction, the senior vice president now owns 9,625 shares of the company’s stock, valued at $1,205,820. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Allegion Stock Up 3.1 %

Shares of NYSE:ALLE opened at $131.36 on Friday. The company has a market capitalization of $11.33 billion, a PE ratio of 19.26, a P/E/G ratio of 3.97 and a beta of 1.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The firm has a 50 day simple moving average of $130.02 and a 200-day simple moving average of $137.13.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.11. The business had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. On average, equities analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.48. Allegion’s payout ratio is currently 29.91%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALLE. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday. Robert W. Baird decreased their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Barclays decreased their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley lifted their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $138.33.

Institutional Trading of Allegion

Institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Allegion by 22.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,076 shares of the scientific and technical instruments company’s stock valued at $594,000 after acquiring an additional 757 shares during the period. Stephens Inc. AR acquired a new position in shares of Allegion in the 3rd quarter valued at $225,000. Janney Montgomery Scott LLC increased its holdings in shares of Allegion by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,046 shares of the scientific and technical instruments company’s stock valued at $9,917,000 after acquiring an additional 2,318 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Allegion by 83.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 26,952 shares of the scientific and technical instruments company’s stock valued at $3,928,000 after acquiring an additional 12,226 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of Allegion by 22.2% in the 3rd quarter. QRG Capital Management Inc. now owns 19,886 shares of the scientific and technical instruments company’s stock valued at $2,898,000 after acquiring an additional 3,609 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems 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, accessories, and other.