Allegion plc (NYSE:ALLE) CEO John H. Stone Acquires 7,500 Shares

Allegion plc (NYSE:ALLE) CEO John H. Stone bought 7,500 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the transaction, the chief executive officer now owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Allegion Price Performance

Shares of NYSE ALLE traded up $0.57 during trading on Wednesday, hitting $141.06. 535,560 shares of the company were exchanged, compared to its average volume of 726,432. The firm’s fifty day moving average price is $143.77 and its 200 day moving average price is $133.11. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.35 and a beta of 1.10. Allegion plc has a 1 year low of $104.25 and a 1 year high of $156.10.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. During the same period last year, the firm earned $1.94 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, sell-side analysts expect that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s dividend payout ratio is currently 29.49%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Mizuho boosted their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Barclays lifted their price objective on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Finally, Robert W. Baird raised their target price on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $144.60.

Institutional Investors Weigh In On Allegion

Several institutional investors and hedge funds have recently made changes to their positions in ALLE. State Street Corp lifted its holdings in shares of Allegion by 1.2% in the third quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company’s stock valued at $589,659,000 after purchasing an additional 49,929 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Allegion by 2.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,741,165 shares of the scientific and technical instruments company’s stock worth $442,019,000 after buying an additional 91,011 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Allegion by 1.3% in the third quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company’s stock worth $479,577,000 after acquiring an additional 39,905 shares during the last quarter. Geode Capital Management LLC raised its stake in Allegion by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company’s stock valued at $306,699,000 after purchasing an additional 8,023 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock valued at $277,581,000 after purchasing an additional 232,395 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Company Profile

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.