Insider Selling: Allegion (NYSE:ALLE) SVP Sells $168,250.00 in Stock

Key Points

• Allegion SVP Vincent Wenos sold 1,000 shares at an average price of $168.25, generating $168,250. Following the transaction, he retained 12,096 shares, a 7.64% reduction in his direct ownership.
• Allegion shares rose 0.5% to $169.55, while the company reported quarterly EPS of $2.40 and revenue of $1.15 billion, exceeding analyst expectations. Revenue increased 12.7% year over year.
• The board authorized a $500 million share-repurchase program, covering up to 3.9% of outstanding shares. Analysts maintain a consensus “Hold” rating with an average price target of $164.75.

Allegion PLC (NYSE:ALLE - Get Free Report) SVP Vincent Wenos sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $168.25, for a total transaction of $168,250.00. Following the completion of the sale, the senior vice president directly owned 12,096 shares of the company's stock, valued at $2,035,152. This represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Allegion Stock Up 0.5%

Allegion stock traded up $0.85 during mid-day trading on Friday, hitting $169.55. 225,599 shares of the company's stock were exchanged, compared to its average volume of 1,058,298. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The stock has a 50 day moving average of $140.53 and a two-hundred day moving average of $146.68. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. The stock has a market cap of $14.42 billion, a P/E ratio of 22.29, a P/E/G ratio of 3.43 and a beta of 0.84.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same quarter in the prior year, the business earned $2.04 earnings per share. The company's revenue was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, analysts anticipate that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion announced that its board has initiated a share buyback plan on Tuesday, April 28th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Robert W. Baird set a $170.00 price target on shares of Allegion in a report on Friday, July 24th. Barclays reduced their price objective on shares of Allegion from $165.00 to $161.00 and set an "equal weight" rating for the company in a report on Wednesday, April 29th. Bank of America cut their price target on shares of Allegion from $185.00 to $157.00 and set a "neutral" rating for the company in a research note on Monday, April 20th. Finally, Weiss Ratings raised Allegion from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $164.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its holdings in Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 115 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in Allegion by 1,666.7% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company's stock worth $30,000 after purchasing an additional 200 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of Allegion during the second quarter worth $33,000. Hantz Financial Services Inc. increased its stake in shares of Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company's stock valued at $34,000 after buying an additional 68 shares in the last quarter. Finally, Bard Associates Inc. bought a new position in shares of Allegion in the fourth quarter valued at about $35,000. Institutional investors own 92.21% of the company's stock.

About Allegion

Allegion plc NYSE: ALLE is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion's core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company's product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.

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