Allegion plc (NYSE:ALLE - Get Free Report) CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares of the company's stock, valued at $620,008.40. This represents a 7.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Allegion Price Performance
NYSE:ALLE traded up $0.05 during mid-day trading on Friday, reaching $127.16. 863,497 shares of the stock were exchanged, compared to its average volume of 879,184. The company has a current ratio of 2.04, a quick ratio of 1.29 and a debt-to-equity ratio of 1.32. The business has a fifty day moving average price of $131.32 and a 200 day moving average price of $137.24. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The firm has a market capitalization of $10.97 billion, a PE ratio of 18.64, a PEG ratio of 3.99 and a beta of 1.11.
Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.75 by $0.11. The business had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Research analysts expect that Allegion plc will post 7.7 earnings per share for the current fiscal year.
Allegion Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This is a positive change from Allegion's previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.60%. Allegion's dividend payout ratio (DPR) is 28.15%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ALLE. Robert W. Baird cut their price target on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a report on Wednesday. Barclays reduced their price target on Allegion from $134.00 to $130.00 and set an "underweight" rating for the company in a research report on Wednesday. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Wells Fargo & Company reduced their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $138.33.
Get Our Latest Stock Analysis on Allegion
Institutional Trading of Allegion
A number of hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC increased its position in shares of Allegion by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company's stock worth $2,871,000 after acquiring an additional 77 shares in the last quarter. Douglass Winthrop Advisors LLC grew its position in Allegion by 0.4% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock worth $2,911,000 after purchasing an additional 80 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in Allegion by 2.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company's stock worth $425,000 after purchasing an additional 82 shares in the last quarter. Heritage Family Offices LLP raised its stake in Allegion by 3.2% during the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock valued at $346,000 after purchasing an additional 82 shares during the period. Finally, Waterloo Capital L.P. lifted its holdings in shares of Allegion by 1.2% in the fourth quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after purchasing an additional 83 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.
About Allegion
(
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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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