Insider Selling: Allegion PLC (NYSE:ALLE) CAO Sells 3,036 Shares of Stock

Allegion PLC (NYSE:ALLE) CAO Douglas P. Ranck sold 3,036 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $104.64, for a total value of $317,687.04. Following the completion of the transaction, the chief accounting officer now owns 5,442 shares of the company’s stock, valued at $569,450.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE ALLE traded up $0.72 on Friday, reaching $106.03. The company had a trading volume of 452,953 shares, compared to its average volume of 836,732. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.96 and a beta of 1.14. Allegion PLC has a fifty-two week low of $74.83 and a fifty-two week high of $105.99. The company has a quick ratio of 1.14, a current ratio of 1.75 and a debt-to-equity ratio of 2.20.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. Allegion had a return on equity of 72.88% and a net margin of 15.97%. The business had revenue of $655.00 million during the quarter, compared to the consensus estimate of $654.66 million. During the same period in the prior year, the business posted $0.80 earnings per share. Allegion’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts expect that Allegion PLC will post 4.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.02%. Allegion’s payout ratio is currently 24.00%.

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc boosted its position in shares of Allegion by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 9,963,751 shares of the scientific and technical instruments company’s stock worth $902,417,000 after purchasing an additional 164,422 shares in the last quarter. BlackRock Inc. boosted its position in shares of Allegion by 9.9% during the 1st quarter. BlackRock Inc. now owns 7,585,468 shares of the scientific and technical instruments company’s stock worth $688,079,000 after purchasing an additional 685,215 shares in the last quarter. FMR LLC boosted its position in shares of Allegion by 13.5% during the 1st quarter. FMR LLC now owns 1,815,943 shares of the scientific and technical instruments company’s stock worth $164,724,000 after purchasing an additional 215,361 shares in the last quarter. AKO Capital LLP boosted its position in shares of Allegion by 20.5% during the 1st quarter. AKO Capital LLP now owns 1,754,663 shares of the scientific and technical instruments company’s stock worth $159,165,000 after purchasing an additional 299,089 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Allegion by 0.6% during the 4th quarter. Deutsche Bank AG now owns 1,356,392 shares of the scientific and technical instruments company’s stock worth $108,113,000 after purchasing an additional 7,885 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine downgraded Allegion from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Goldman Sachs Group downgraded Allegion from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $98.00 to $92.00 in a report on Wednesday, February 20th. Morgan Stanley set a $92.00 price objective on Allegion and gave the company a “hold” rating in a report on Wednesday, February 20th. Finally, Imperial Capital restated an “in-line” rating and issued a $102.00 price objective (up from $96.00) on shares of Allegion in a report on Monday, April 29th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $99.71.

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Allegion Company Profile

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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