Timothy P. Eckersley Sells 12,782 Shares of Allegion PLC (NYSE:ALLE) Stock
Allegion PLC (NYSE:ALLE) insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Allegion PLC (ALLE) traded up 0.82% on Monday, reaching $81.99. 321,388 shares of the company were exchanged. The company’s 50-day moving average is $80.93 and its 200-day moving average is $76.06. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 31.72 and a beta of 1.10. Allegion PLC has a 52 week low of $61.47 and a 52 week high of $82.90.
Allegion PLC (NYSE:ALLE) last issued its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.11. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The company had revenue of $627 million for the quarter, compared to analysts’ expectations of $613.37 million. During the same period in the prior year, the business earned $0.99 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts expect that Allegion PLC will post $3.78 EPS for the current fiscal year.
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A number of research analysts recently issued reports on the stock. BidaskClub cut shares of Allegion PLC from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Wolfe Research assumed coverage on shares of Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Zacks Investment Research raised shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Friday, June 30th. Finally, Imperial Capital lifted their price target on shares of Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $86.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale boosted its position in shares of Allegion PLC by 0.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 103,446 shares of the scientific and technical instruments company’s stock worth $7,847,000 after buying an additional 820 shares during the period. American Century Companies Inc. boosted its position in shares of Allegion PLC by 22.9% in the first quarter. American Century Companies Inc. now owns 1,886,732 shares of the scientific and technical instruments company’s stock worth $142,826,000 after buying an additional 350,948 shares during the period. Vigilant Capital Management LLC boosted its position in shares of Allegion PLC by 5.4% in the first quarter. Vigilant Capital Management LLC now owns 127,945 shares of the scientific and technical instruments company’s stock worth $9,685,000 after buying an additional 6,520 shares during the period. DUPONT CAPITAL MANAGEMENT Corp boosted its position in shares of Allegion PLC by 483.0% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 165,591 shares of the scientific and technical instruments company’s stock worth $12,535,000 after buying an additional 137,190 shares during the period. Finally, Intermede Investment Partners Ltd boosted its position in shares of Allegion PLC by 7.5% in the first quarter. Intermede Investment Partners Ltd now owns 638,729 shares of the scientific and technical instruments company’s stock worth $48,352,000 after buying an additional 44,567 shares during the period. Institutional investors own 92.88% of the company’s stock.
Allegion PLC Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric 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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