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

Allegion plc (NYSE:ALLEGet Free Report) 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:ALLEGet Free Report) 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.

Read Our Latest Stock Report on ALLE

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

(Get Free Report)

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.

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