Insider Selling: Allegion PLC (NYSE:ALLE) SVP Sells $1,781,055.60 in Stock

Allegion PLC (NYSE:ALLE) SVP Timothy P. Eckersley sold 10,810 shares of Allegion stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the transaction, the senior vice president owned 30,023 shares of the company’s stock, valued at $4,946,589.48. The trade was a 26.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Allegion Price Performance

ALLE stock opened at $169.70 on Thursday. The business has a 50 day moving average price of $150.63 and a 200 day moving average price of $138.50. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 3.57 and a beta of 1.05. Allegion PLC has a fifty-two week low of $116.57 and a fifty-two week high of $170.11. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 earnings per share. Equities research analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price objective on Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Barclays lifted their price objective on Allegion from $135.00 to $156.00 and gave the company an “underweight” rating in a research note on Friday, July 25th. Mizuho lifted their price objective on Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Morgan Stanley lifted their price objective on Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Finally, The Goldman Sachs Group lifted their price objective on Allegion from $149.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $165.88.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Allegion during the first quarter worth approximately $30,000. Sound Income Strategies LLC acquired a new position in Allegion during the second quarter worth approximately $32,000. Colonial Trust Co SC increased its position in Allegion by 192.9% during 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 period. Spire Wealth Management increased its position in Allegion by 78.0% during the second quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 103 shares during the period. Finally, Garde Capital Inc. acquired a new position in Allegion during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.