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.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 17th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, September 14th. Allegion’s dividend payout ratio (DPR) is currently 21.21%.

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.

About Allegion

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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