Allegion plc (NYSE:ALLE - Get Free Report) SVP David S. Ilardi sold 789 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now directly owns 9,625 shares in the company, valued at $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Allegion Stock Performance
Shares of NYSE:ALLE traded up $1.13 during mid-day trading on Monday, reaching $132.43. The company had a trading volume of 1,117,613 shares, compared to its average volume of 711,462. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company's 50-day moving average price is $130.02 and its 200-day moving average price is $137.15. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 3.97 and a beta of 1.11.
Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.11. The business had revenue of $945.60 million during the quarter, compared to analysts' expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. As a group, equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.
Allegion Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This is an increase from Allegion's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.54%. Allegion's dividend payout ratio is 29.91%.
Wall Street Analysts Forecast Growth
ALLE has been the topic of several recent analyst reports. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research note on Friday. Barclays dropped their price target on Allegion from $134.00 to $130.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird reduced their price target on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company reduced their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $138.33.
View Our Latest Stock Analysis on ALLE
Institutional Trading of Allegion
Institutional investors have recently made changes to their positions in the stock. Fiduciary Management Inc. WI purchased a new position in shares of Allegion in the fourth quarter worth $116,484,000. Norges Bank acquired a new position in shares of Allegion during the fourth quarter worth $108,058,000. Lord Abbett & CO. LLC lifted its stake in shares of Allegion by 96.8% during the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company's stock worth $244,063,000 after buying an additional 823,874 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Allegion during the fourth quarter worth $65,175,000. Finally, Boston Partners boosted its position in Allegion by 11.6% in the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock worth $616,503,000 after purchasing an additional 488,390 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.
Allegion Company Profile
(
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Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.
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