Nickolas A. Musial Sells 403 Shares of Allegion plc (NYSE:ALLE) Stock

Allegion plc (NYSE:ALLE) CAO Nickolas A. Musial sold 403 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total value of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at $620,008.40. This trade represents a 7.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Allegion Stock Performance

ALLE stock opened at $127.05 on Friday. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The business has a 50-day moving average price of $131.32 and a 200 day moving average price of $137.24. The company has a market capitalization of $11.04 billion, a P/E ratio of 18.63, a PEG ratio of 3.09 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.53%. The business had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. As a group, equities research analysts forecast that Allegion plc will post 7.65 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.61%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is currently 29.91%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ALLE shares. Barclays decreased their price target on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday. StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Wells Fargo & Company cut their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday. Morgan Stanley lifted their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Robert W. Baird dropped their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Allegion has an average rating of “Hold” and a consensus target price of $138.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group bought a new stake in Allegion during the third quarter valued at about $28,000. Concord Wealth Partners purchased a new stake in shares of Allegion during the third quarter valued at about $29,000. Millstone Evans Group LLC bought a new stake in shares of Allegion in the 4th quarter valued at about $28,000. Cromwell Holdings LLC boosted its holdings in shares of Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 92 shares in the last quarter. Finally, Colonial Trust Co SC grew its position in shares of Allegion by 192.9% in the 4th 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 last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Company Profile

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.