Douglas P. Ranck Sells 3,200 Shares of Allegion PLC (ALLE) Stock
Allegion PLC (NYSE:ALLE) insider Douglas P. Ranck sold 3,200 shares of Allegion stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $89.78, for a total value of $287,296.00. Following the sale, the insider now owns 10,348 shares in the company, valued at $929,043.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of ALLE opened at $89.34 on Friday. Allegion PLC has a fifty-two week low of $73.85 and a fifty-two week high of $90.18. The stock has a market capitalization of $8.53 billion, a P/E ratio of 21.47, a PEG ratio of 1.53 and a beta of 1.08. The company has a quick ratio of 1.24, a current ratio of 1.80 and a debt-to-equity ratio of 2.80.
Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 26th. The scientific and technical instruments company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.05. Allegion had a return on equity of 91.38% and a net margin of 11.19%. The company had revenue of $704.70 million during the quarter, compared to analyst estimates of $697.96 million. During the same quarter last year, the firm posted $1.11 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. sell-side analysts expect that Allegion PLC will post 4.47 earnings per share for the current year.
A number of equities research analysts have recently commented on ALLE shares. Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating in a research note on Monday, July 9th. ValuEngine cut Allegion from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Wells Fargo & Co lowered their target price on Allegion from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Finally, Morgan Stanley started coverage on Allegion in a research note on Monday, August 20th. They set an “equal weight” rating and a $88.00 target price on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Allegion has an average rating of “Hold” and an average target price of $94.00.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Fort L.P. acquired a new stake in Allegion in the 2nd quarter worth $119,000. Mission Wealth Management LP acquired a new stake in Allegion in the 2nd quarter worth $200,000. Commerzbank Aktiengesellschaft FI acquired a new stake in Allegion in the 1st quarter worth $205,000. Intrust Bank NA bought a new position in shares of Allegion during the 2nd quarter worth about $205,000. Finally, FDx Advisors Inc. bought a new position in shares of Allegion during the 1st quarter worth about $209,000. 94.48% of the stock is owned by institutional investors.
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.
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