Allegion PLC (NYSE:ALLE) VP Tracy L. Kemp sold 14,821 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $86.01, for a total transaction of $1,274,754.21. Following the transaction, the vice president now owns 18,283 shares of the company’s stock, valued at $1,572,520.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Allegion PLC (NYSE:ALLE) traded down $0.46 during trading on Wednesday, hitting $85.42. 191,175 shares of the company’s stock were exchanged, compared to its average volume of 796,852. The firm has a market capitalization of $8,319.21, a P/E ratio of 30.21, a P/E/G ratio of 1.58 and a beta of 1.09. Allegion PLC has a 1-year low of $73.93 and a 1-year high of $89.81. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.72 and a current ratio of 2.24.
Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The business had revenue of $623.00 million during the quarter, compared to the consensus estimate of $605.13 million. Allegion had a net margin of 11.35% and a return on equity of 126.46%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. sell-side analysts expect that Allegion PLC will post 4.49 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on ALLE shares. Zacks Investment Research upgraded shares of Allegion from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Wells Fargo & Co restated an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of Allegion in a research report on Wednesday, February 21st. Barclays started coverage on shares of Allegion in a research report on Thursday, February 15th. They set an “overweight” rating and a $100.00 target price for the company. Finally, Imperial Capital restated an “outperform” rating and set a $94.00 target price (up from $85.00) on shares of Allegion in a research report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $95.83.
Several institutional investors have recently modified their holdings of ALLE. Tower Research Capital LLC TRC raised its position in shares of Allegion by 109.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock worth $105,000 after acquiring an additional 692 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Allegion during the fourth quarter worth about $111,000. Zions Bancorporation increased its stake in shares of Allegion by 141.9% during the third quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock worth $137,000 after purchasing an additional 931 shares in the last quarter. Zeke Capital Advisors LLC purchased a new stake in shares of Allegion during the fourth quarter worth about $205,000. Finally, Pineno Levin & Ford Asset Management Inc. purchased a new stake in shares of Allegion during the fourth quarter worth about $210,000. Institutional investors and hedge funds own 92.17% of the company’s stock.
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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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