Allegion plc (NYSE:ALLE) Director Gregg C. Sengstack Acquires 8,000 Shares

by · The Markets Daily

Allegion plc (NYSE:ALLE – Get Free Report) Director Gregg C. Sengstack purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the purchase, the director now directly owns 8,000 shares in the company, valued at $1,001,920. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Allegion Stock Up 0.0 %

Shares of ALLE traded up $0.05 during mid-day trading on Friday, reaching $127.16. 871,149 shares of the stock traded hands, compared to its average volume of 890,566. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 3.99 and a beta of 1.11. The stock has a fifty day simple moving average of $131.32 and a 200 day simple moving average of $137.24. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The company has a quick ratio of 1.29, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE – Get Free Report) 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, beating analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Sell-side analysts expect that Allegion plc will post 7.7 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. Stockholders of record on Friday, March 14th will be paid 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 dividend yield of 1.60%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is currently 28.15%.

Wall Street Analysts Forecast Growth

ALLE has been the topic of several research analyst reports. Barclays decreased their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday. Morgan Stanley raised their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Robert W. Baird decreased their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wells Fargo & Company decreased their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, Allegion currently has an average rating of “Hold” and a consensus target price of $138.33.

Read Our Latest Stock Analysis on ALLE

Institutional Trading of Allegion

A number of hedge funds have recently made changes to their positions in ALLE. Brooklyn Investment Group purchased a new stake in shares of Allegion during the third quarter valued at approximately $28,000. Millstone Evans Group LLC bought a new stake in shares of Allegion in the fourth quarter worth $28,000. Concord Wealth Partners bought a new stake in shares of Allegion in the third quarter worth $29,000. Colonial Trust Co SC increased its stake in shares of Allegion by 192.9% in the fourth 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. Finally, Cromwell Holdings LLC increased its stake in shares of Allegion by 65.2% in the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Company Profile

(Get Free Report)

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.

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