Gregg C. Sengstack Buys 8,000 Shares of Allegion plc (NYSE:ALLE) Stock

Allegion plc (NYSE:ALLE) Director Gregg C. Sengstack bought 8,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $1,001,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Allegion Trading Up 0.0 %

NYSE ALLE opened at $127.16 on Monday. The firm’s 50-day moving average is $131.09 and its two-hundred day moving average is $137.38. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.29. The stock has a market capitalization of $10.97 billion, a P/E ratio of 18.64, a PEG ratio of 3.97 and a beta of 1.11.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. On average, sell-side analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently declared 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 is a positive change from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 1.60%. Allegion’s dividend payout ratio is 28.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALLE. Barclays lowered their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. 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 report on Wednesday, February 19th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company lowered their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Finally, Morgan Stanley boosted their price target on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Allegion currently has a consensus rating of “Hold” and an average price target of $138.33.

Institutional Trading of Allegion

Institutional investors and hedge funds have recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in Allegion during the third quarter worth about $28,000. Concord Wealth Partners purchased a new stake in Allegion during the third quarter worth about $29,000. Millstone Evans Group LLC purchased a new stake in Allegion during the fourth quarter worth about $28,000. Cromwell Holdings LLC increased its stake in Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 92 shares during the period. Finally, Colonial Trust Co SC increased its stake 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 purchasing an additional 164 shares during the period. 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.