Allegion plc (NYSE:ALLE) SVP Robert C. Martens Sells 8,035 Shares

Allegion plc (NYSE:ALLE) SVP Robert C. Martens sold 8,035 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at $1,029,511.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Allegion Stock Performance

Shares of ALLE stock opened at $139.78 on Wednesday. Allegion plc has a one year low of $95.97 and a one year high of $156.10. The firm has a 50-day moving average of $142.53 and a 200-day moving average of $130.25. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23. The company has a market cap of $12.22 billion, a P/E ratio of 22.80, a P/E/G ratio of 4.50 and a beta of 1.12.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.18. The business had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. Allegion’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 earnings per share. Equities research analysts forecast that Allegion plc will post 7.26 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, September 20th. Allegion’s payout ratio is 31.32%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ALLE shares. Barclays boosted their target price on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a report on Monday. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Robert W. Baird upped their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Mizuho raised their price objective on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. 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 stock currently has an average rating of “Hold” and a consensus target price of $144.60.

Institutional Investors Weigh In On Allegion

A number of large investors have recently added to or reduced their stakes in the company. Ground Swell Capital LLC purchased a new stake in Allegion during the third quarter valued at about $221,000. Robeco Institutional Asset Management B.V. boosted its position in Allegion by 83.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 26,952 shares of the scientific and technical instruments company’s stock valued at $3,928,000 after acquiring an additional 12,226 shares in the last quarter. Van ECK Associates Corp grew its stake in Allegion by 1.3% in the third quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company’s stock worth $479,577,000 after purchasing an additional 39,905 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Allegion by 3.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 68,046 shares of the scientific and technical instruments company’s stock worth $9,917,000 after acquiring an additional 2,318 shares in the last quarter. Finally, Stephens Inc. AR purchased a new position in Allegion during the third quarter valued at $225,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Company Profile

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.