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 stock was 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 directly owns 18,283 shares in the company, valued at approximately $1,572,520.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Allegion stock traded down $1.19 on Friday, reaching $84.75. 567,846 shares of the company were exchanged, compared to its average volume of 605,164. The firm has a market capitalization of $8,180.24, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.55 and a beta of 1.05. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 3.56. Allegion PLC has a fifty-two week low of $74.40 and a fifty-two week high of $89.81.
Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $623.00 million for the quarter, compared to analyst estimates of $605.13 million. Allegion had a return on equity of 126.46% and a net margin of 11.35%. Allegion’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 earnings per share. analysts expect that Allegion PLC will post 4.49 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.99%. Allegion’s payout ratio is 21.21%.
A number of analysts have recently commented on the company. Zacks Investment Research raised Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 price objective on the stock in a research note on Thursday, February 22nd. Barclays reissued an “overweight” rating and issued a $103.00 price objective (up previously from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Wells Fargo reissued an “outperform” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Finally, Imperial Capital reissued an “outperform” rating and issued a $94.00 price objective (up previously from $85.00) on shares of Allegion in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Allegion currently has an average rating of “Buy” and an average target price of $95.83.
Several institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB raised its position in shares of Allegion by 26.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 26,027 shares of the scientific and technical instruments company’s stock worth $2,071,000 after purchasing an additional 5,426 shares during the period. Handelsbanken Fonder AB raised its position in Allegion by 2.4% during the fourth quarter. Handelsbanken Fonder AB now owns 686,000 shares of the scientific and technical instruments company’s stock valued at $54,578,000 after buying an additional 16,000 shares during the period. Massmutual Trust Co. FSB ADV raised its position in Allegion by 21,917.1% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 7,706 shares of the scientific and technical instruments company’s stock valued at $8,064,000 after buying an additional 7,671 shares during the period. We Are One Seven LLC acquired a new position in Allegion during the fourth quarter valued at $296,000. Finally, DF Dent & Co. Inc. acquired a new position in Allegion during the fourth quarter valued at $590,000. 92.20% of the stock is currently owned by institutional investors.
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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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