Allegion plc (NYSE:ALLE) CAO Sells $50,254.10 in Stock

Allegion plc (NYSE:ALLE) CAO Nickolas A. Musial sold 403 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value 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 $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allegion Stock Up 0.0 %

NYSE:ALLE opened at $127.16 on Friday. The business’s fifty day moving average price is $131.32 and its 200 day moving average price is $137.24. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 3.99 and a beta of 1.11. The company has a current ratio of 2.04, a quick ratio of 1.29 and a debt-to-equity ratio of 1.32. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10.

Allegion (NYSE:ALLE) last issued its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. On average, sell-side analysts forecast that Allegion plc will post 7.7 earnings per share for the current fiscal year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.60%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is 28.15%.

Analysts Set New Price Targets

ALLE has been the subject of several research analyst reports. Robert W. Baird cut their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays reduced their target price on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a report on Wednesday. Morgan Stanley lifted their price target 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 price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $138.33.

Hedge Funds Weigh In On Allegion

Institutional investors and hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new stake in Allegion during the third quarter valued at $28,000. Concord Wealth Partners purchased a new stake in shares of Allegion during the 3rd quarter worth about $29,000. Millstone Evans Group LLC acquired a new stake in shares of Allegion during the 4th quarter valued at about $28,000. Cromwell Holdings LLC grew its stake in shares of Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 92 shares in the last quarter. Finally, Colonial Trust Co SC increased its holdings in Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 164 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

About Allegion

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.