Allegion plc (NYSE:ALLE - Get Free Report) SVP Robert C. Martens sold 8,035 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares in the company, valued at $1,029,511.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Allegion Stock Down 1.8 %
Shares of NYSE:ALLE traded down $2.55 during trading on Tuesday, hitting $139.78. 1,278,528 shares of the company's stock traded hands, compared to its average volume of 715,997. The company has a 50-day moving average price of $142.53 and a 200-day moving average price of $130.25. Allegion plc has a 52 week low of $95.97 and a 52 week high of $156.10. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12.
Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The firm had revenue of $967.10 million for the quarter, compared to analysts' expectations of $970.70 million. During the same period in the previous year, the firm posted $1.94 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts forecast that Allegion plc will post 7.26 EPS for the current fiscal year.
Allegion Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.37%. Allegion's dividend payout ratio (DPR) is currently 31.32%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Barclays upped their target price on Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research note on Monday. Robert W. Baird lifted their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Friday. Mizuho increased their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, StockNews.com upgraded shares of Allegion from a "hold" rating to a "buy" rating in a research report on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $144.60.
Check Out Our Latest Stock Report on ALLE
Institutional Trading of Allegion
Institutional investors have recently added to or reduced their stakes in the company. Stephens Inc. AR bought a new position in shares of Allegion during the third quarter worth approximately $225,000. AustralianSuper Pty Ltd acquired a new stake in Allegion during the third quarter worth approximately $494,000. abrdn plc increased its stake in Allegion by 2.7% during the 3rd quarter. abrdn plc now owns 197,817 shares of the scientific and technical instruments company's stock worth $28,855,000 after acquiring an additional 5,287 shares during the period. Pallas Capital Advisors LLC acquired a new position in Allegion in the 3rd quarter valued at $620,000. Finally, Concord Wealth Partners bought a new stake in shares of Allegion during the 3rd quarter valued at $29,000. 92.21% of the stock is currently owned by institutional investors.
About Allegion
(
Get Free Report)
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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