Allegion PLC (NYSE:ALLE) insider Douglas P. Ranck sold 10,480 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $84.64, for a total value of $887,027.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Allegion PLC (ALLE) opened at $87.21 on Monday. Allegion PLC has a 52-week low of $73.77 and a 52-week high of $89.81. The stock has a market capitalization of $8,301.12, a P/E ratio of 21.97, a PEG ratio of 1.57 and a beta of 1.09. The company has a debt-to-equity ratio of 3.56, a current ratio of 2.24 and a quick ratio of 1.72.
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 the consensus estimate of $0.94 by $0.17. Allegion had a return on equity of 126.46% and a net margin of 11.35%. The firm had revenue of $623.00 million during the quarter, compared to analyst estimates of $605.13 million. During the same quarter in the prior year, the company earned $0.81 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. research analysts expect that Allegion PLC will post 4.49 earnings per share for the current fiscal year.
ALLE has been the subject of several research reports. Zacks Investment Research lowered Allegion from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Barclays reissued an “overweight” rating and issued a $103.00 target price (up previously from $100.00) on shares of Allegion in a research report on Wednesday, February 21st. Wells Fargo & Co reissued an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of Allegion in a research report on Wednesday, February 21st. Finally, Imperial Capital reissued an “outperform” rating and issued a $94.00 target price (up previously from $85.00) on shares of Allegion in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $95.83.
Large investors have recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Allegion by 141.3% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,745 shares of the scientific and technical instruments company’s stock worth $11,997,000 after buying an additional 81,251 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Allegion by 21.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 16,675 shares of the scientific and technical instruments company’s stock worth $1,327,000 after buying an additional 3,000 shares during the last quarter. AKO Capital LLP grew its stake in shares of Allegion by 6.8% in the 3rd quarter. AKO Capital LLP now owns 744,777 shares of the scientific and technical instruments company’s stock worth $64,401,000 after buying an additional 47,741 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Allegion by 2.6% in the 3rd quarter. New York State Common Retirement Fund now owns 281,965 shares of the scientific and technical instruments company’s stock worth $24,382,000 after buying an additional 7,100 shares during the last quarter. Finally, BB&T Securities LLC purchased a new stake in shares of Allegion in the 3rd quarter worth approximately $402,000. 92.17% of the stock is owned by hedge funds and other 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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