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 stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares in the company, valued at approximately $1,205,820. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Allegion Trading Up 0.7 %
Shares of ALLE stock opened at $127.34 on Friday. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $10.99 billion, a P/E ratio of 18.67, a P/E/G ratio of 3.97 and a beta of 1.10. The stock has a 50-day simple moving average of $130.03 and a 200 day simple moving average of $137.11.
Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $945.60 million for the quarter, compared to analysts' expectations of $938.91 million. On average, sell-side analysts expect that Allegion plc will post 7.77 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. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.60%. This is a boost from Allegion's previous quarterly dividend of $0.48. Allegion's dividend payout ratio is currently 29.91%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Wells Fargo & Company cut their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Barclays reduced their target price on shares of Allegion from $134.00 to $130.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Allegion from a "hold" rating to a "buy" rating in a research report on Tuesday, February 25th. Morgan Stanley lifted their price target on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Robert W. Baird decreased their price objective on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Allegion presently has an average rating of "Hold" and a consensus target price of $138.33.
Get Our Latest Analysis on Allegion
Institutional Investors Weigh In On Allegion
Several large investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in shares of Allegion during the third quarter worth $28,000. Millstone Evans Group LLC acquired a new stake in Allegion during the 4th quarter worth about $28,000. Colonial Trust Co SC lifted its stake in Allegion by 192.9% during the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after buying an additional 164 shares in the last quarter. Atala Financial Inc purchased a new stake in Allegion during the fourth quarter valued at about $35,000. Finally, GeoWealth Management LLC boosted its holdings in shares of Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after buying an additional 223 shares during the period. 92.21% of the stock is owned by institutional investors.
Allegion Company Profile
(
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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