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

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

Allegion Stock Up 0.0 %

Shares of ALLE opened at $127.16 on Friday. The company 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. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.29. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The business’s 50 day simple moving average is $131.09 and its 200-day simple moving average is $137.31.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. As a group, sell-side analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The company also recently disclosed 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. This is an increase from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.60%. Allegion’s dividend payout ratio is currently 28.15%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALLE. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company lowered their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays lowered their price objective on Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday. Robert W. Baird lowered their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Allegion has an average rating of “Hold” and an average price target of $138.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Fiduciary Management Inc. WI bought a new stake in shares of Allegion during the 4th quarter valued at $116,484,000. Norges Bank bought a new stake in shares of Allegion during the 4th quarter valued at $108,058,000. Lord Abbett & CO. LLC raised its position in shares of Allegion by 96.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock valued at $244,063,000 after acquiring an additional 823,874 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Allegion during the 4th quarter valued at $65,175,000. Finally, Boston Partners raised its position in shares of Allegion by 11.6% during the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company’s stock valued at $616,503,000 after acquiring an additional 488,390 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

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.