Insider Selling: Allegion PLC (NYSE:ALLE) SVP Sells 6,218 Shares of Stock
Allegion PLC (NYSE:ALLE) SVP Jeffrey N. Braun sold 6,218 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $104.44, for a total value of $649,407.92. Following the transaction, the senior vice president now owns 13,394 shares of the company’s stock, valued at $1,398,869.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of ALLE stock opened at $106.02 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.14 and a debt-to-equity ratio of 2.20. The firm has a market cap of $9.96 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.98 and a beta of 1.14. Allegion PLC has a 52 week low of $74.83 and a 52 week high of $106.26.
Allegion (NYSE:ALLE) last announced its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. The company had revenue of $655.00 million for the quarter, compared to analysts’ expectations of $654.66 million. Allegion had a return on equity of 72.88% and a net margin of 15.97%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, equities analysts predict that Allegion PLC will post 4.85 EPS for the current year.
Several research analysts have issued reports on ALLE shares. Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. ValuEngine lowered Allegion from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. Goldman Sachs Group lowered Allegion from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $98.00 to $92.00 in a research note on Wednesday, February 20th. Morgan Stanley set a $92.00 price objective on Allegion and gave the stock a “hold” rating in a research note on Wednesday, February 20th. Finally, Imperial Capital reiterated an “in-line” rating and set a $102.00 price objective (up from $96.00) on shares of Allegion in a research note on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $99.71.
Hedge funds have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of Allegion during the first quarter worth $26,000. Murphy Pohlad Asset Management LLC bought a new stake in shares of Allegion during the fourth quarter worth $31,000. Financial Gravity Wealth Inc. bought a new stake in shares of Allegion during the first quarter worth $56,000. Enlightenment Research LLC bought a new stake in shares of Allegion during the fourth quarter worth $88,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Allegion during the fourth quarter worth $94,000. Institutional investors own 93.56% of the company’s stock.
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Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile 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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