Allegion PLC (NYSE:ALLE) insider Timothy P. Eckersley sold 12,782 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.14, for a total value of $1,037,131.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Allegion PLC (NYSE ALLE) traded down 0.84% during trading on Friday, reaching $78.17. The company had a trading volume of 327,935 shares. The company’s 50 day moving average is $80.56 and its 200-day moving average is $77.14. Allegion PLC has a 1-year low of $61.47 and a 1-year high of $82.90. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 30.24 and a beta of 1.10.
Allegion PLC (NYSE:ALLE) last posted its earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. The company had revenue of $627 million during the quarter, compared to the consensus estimate of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. On average, equities research analysts anticipate that Allegion PLC will post $3.78 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. BidaskClub raised Allegion PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Wolfe Research assumed coverage on Allegion PLC in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Zacks Investment Research cut Allegion PLC from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $89.00 target price on shares of Allegion PLC in a report on Friday, April 28th. Finally, Robert W. Baird cut Allegion PLC from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $80.00 to $85.00 in a report on Friday, April 28th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Allegion PLC currently has an average rating of “Buy” and a consensus target price of $86.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tredje AP fonden acquired a new position in Allegion PLC during the second quarter worth about $105,000. QS Investors LLC increased its position in Allegion PLC by 1.2% in the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after buying an additional 16 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Allegion PLC by 210.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the scientific and technical instruments company’s stock worth $107,000 after buying an additional 959 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Allegion PLC by 75.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock worth $114,000 after buying an additional 600 shares during the period. Finally, First Manhattan Co. increased its position in shares of Allegion PLC by 51.3% in the first quarter. First Manhattan Co. now owns 2,212 shares of the scientific and technical instruments company’s stock worth $152,000 after buying an additional 750 shares during the period. Institutional investors own 93.60% of the company’s stock.
About Allegion PLC
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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