Allegion PLC (NYSE:ALLE) VP Tracy L. Kemp sold 14,821 shares of Allegion stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $86.01, for a total value of $1,274,754.21. Following the completion of the sale, 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 this link.
Shares of Allegion PLC (NYSE:ALLE) opened at $85.48 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 3.56. The firm has a market capitalization of $8,125.03, a PE ratio of 21.50, a P/E/G ratio of 1.54 and a beta of 1.09. Allegion PLC has a fifty-two week low of $73.93 and a fifty-two week high of $89.81.
Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.17. The firm had revenue of $623.00 million during the quarter, compared to the consensus estimate of $605.13 million. Allegion had a return on equity of 126.46% and a net margin of 11.35%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 earnings per share. research analysts anticipate that Allegion PLC will post 4.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a yield of 0.98%. Allegion’s payout ratio is currently 29.47%.
Several analysts recently weighed in on the company. Imperial Capital restated an “outperform” rating and issued a $94.00 price objective (up from $85.00) on shares of Allegion in a report on Wednesday, February 21st. Zacks Investment Research upgraded Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 price objective for the company in a report on Thursday, February 22nd. Wells Fargo & Co restated an “outperform” rating and issued a $105.00 price objective (up from $100.00) on shares of Allegion in a report on Wednesday, February 21st. Finally, Barclays assumed coverage on Allegion in a report on Thursday, February 15th. They issued an “overweight” rating and a $100.00 price objective for the company. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $95.83.
Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in 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 purchasing an additional 692 shares in the last quarter. Macquarie Group Ltd. bought a new position in Allegion in the fourth quarter worth about $111,000. Zions Bancorporation raised its holdings in Allegion by 141.9% in 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 bought a new position in Allegion in the fourth quarter worth about $205,000. Finally, Pineno Levin & Ford Asset Management Inc. bought a new position in Allegion in 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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