Allegion plc (NYSE:ALLE) CAO Nickolas A. Musial Sells 403 Shares of Stock

Allegion plc (NYSE:ALLE) CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Allegion Stock Performance

Shares of ALLE opened at $126.40 on Thursday. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The stock has a market cap of $10.99 billion, a P/E ratio of 19.42, a PEG ratio of 3.29 and a beta of 1.11. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $131.57 and a two-hundred day moving average of $137.32.

Allegion (NYSE:ALLE) last issued 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. The firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. As a group, research analysts predict that Allegion plc will post 7.42 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALLE shares. Morgan Stanley increased their target price on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company reduced their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Wednesday. Robert W. Baird lowered their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays reduced their price objective on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday. Finally, StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $138.33.

Institutional Trading of Allegion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Allegion by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company’s stock worth $1,400,688,000 after buying an additional 177,808 shares in the last quarter. Boston Partners grew its stake in Allegion by 11.6% in the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company’s stock worth $616,503,000 after acquiring an additional 488,390 shares during the period. State Street Corp raised its holdings in Allegion by 1.2% in the 3rd quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company’s stock valued at $589,659,000 after acquiring an additional 49,929 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Allegion by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company’s stock worth $509,313,000 after purchasing an additional 38,377 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Allegion by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company’s stock worth $449,033,000 after purchasing an additional 257,175 shares during the last quarter. 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.