Allegion plc SVP Stock Sale Details

Allegion plc (NYSE:ALLE) recently saw a significant transaction involving its stock. On Friday, October 25th, Senior Vice President Robert C. Martens sold 8,035 shares of the company. The shares were sold at an average price of $144.92, resulting in a total sale value of $1,164,432.20. After this sale, Martens retains ownership of 7,104 shares, which are valued at approximately $1,029,511.68. This transaction represents a 0.00% decrease in his overall shareholding.

Allegion Stock Performance

On Tuesday, Allegion's stock price fell by $2.55, closing at $139.78. During the trading session, about 1,278,528 shares changed hands, surpassing the average trading volume of 715,997 shares. Currently, Allegion has a 50-day moving average price of $142.53, and a 200-day moving average price of $130.25. The company's stock has experienced a 52-week low of $95.97 and a high of $156.10. Additionally, Allegion’s current ratio stands at 1.66, the quick ratio at 1.23, and the debt-to-equity ratio at 1.40. The market capitalization of the company is approximately $12.22 billion, with a price-to-earnings ratio of 22.85 and a price-to-earnings-growth ratio of 4.50.

Recent Earnings Announcement

Allegion recently reported its quarterly earnings on Thursday, October 24th. The company indicated earnings per share (EPS) of $2.16 for the quarter, which exceeded analysts’ expectations of $1.98 by $0.18. Allegion’s net profit margin is reported at 15.08%, while the return on equity is at 47.21%. The firm's revenue for the quarterly period was $967.10 million, closely aligning with analysts’ predictions of $970.70 million. This indicates a year-over-year revenue increase of 5.4% compared to the same period last year. Analysts are projecting an EPS of 7.26 for this fiscal year.

Dividends and Shareholder Returns

Additionally, Allegion recently declared its quarterly dividend, which was paid on September 30th. Shareholders who were on record as of September 20th received a dividend of $0.48. The ex-dividend date was also September 20th. Annually, this amounts to a total dividend of $1.92, providing a yield of 1.37%. The dividend payout ratio (DPR) currently stands at 31.32%.

Analyst Opinions and Forecasts

In terms of analyst ratings, several research firms have revised their price targets for Allegion. Wells Fargo & Company raised their target from $137.00 to $152.00 while giving it an “equal weight” rating. Barclays adjusted their target price from $135.00 to $137.00 with an “underweight” rating. Robert W. Baird increased their estimate from $145.00 to $152.00 and maintained a “neutral” rating. Mizuho also raised their price objective from $135.00 to $150.00 with a “neutral” rating. As of now, one analyst has rated Allegion as a sell, four analysts have classified it as hold, and one has a buy rating. According to MarketBeat.com, the consensus rating remains at “Hold” with an average target price set at $144.60.

Institutional Investors' Activity

Institutional investors are showing interest in Allegion as well, with recent reports indicating changes in their holdings. Stephens Inc. acquired a new position during the third quarter worth approximately $225,000. AustralianSuper Pty Ltd also took a new stake valued at about $494,000. abrdn plc increased its shares in Allegion by 2.7% during the same period, bringing their total ownership to 197,817 shares valued at nearly $28.86 million. Meanwhile, other firms, like Pallas Capital Advisors LLC, and Concord Wealth Partners, have also made new investments in Allegion. Currently, institutional investors own approximately 92.21% of Allegion’s stock.

Company Overview

Allegion plc is a global manufacturer and seller of mechanical and electronic security products and solutions. The company provides various solutions including door controls, locks, locksets, key systems, electronic security products, and access control systems. It is well-regarded for its wide range of products that cater to the security needs of clients worldwide.

Allegion, SVP, Stock