Timothy P. Eckersley, Senior Vice President of Allegion (NYSE:ALLE) International, recently executed significant stock transactions involving Allegion plc (NYSE:ALLE). On November 22 and 25, Eckersley sold a total of 14,707 ordinary shares, garnering approximately $2.09 million. The sales were conducted at prices ranging from $141.37 to $142.63 per share.
In addition to these sales, Eckersley acquired shares through multiple stock option exercises. On November 22, he acquired 5,000 shares at $86.93 each. Further acquisitions occurred on November 25, with 2,046 shares at $86.93 and 7,661 shares at $88.08. These transactions amounted to a total acquisition value of approximately $1.29 million.
Following these transactions, Eckersley holds 33,292.742 shares of Allegion, reflecting his continued investment in the company.
In other recent news, Allegion, a security products provider, has shown a solid financial performance in its latest quarter. The company's revenue reached $967.1 million, marking a 5.4% increase from the previous year, while adjusted earnings per share rose by 11.3% to $2.16. As part of its growth strategy, Allegion has also completed strategic acquisitions, including SOSS Door Hardware.
Baird, a financial firm, has revised Allegion's stock price target to $152.00 from the previous $145.00, maintaining a neutral rating on the stock. This adjustment came after assessing the company's financial segments and capital management strategies. Despite a minor decline in Americas organic growth, Baird believes this is a minor adjustment and not indicative of substantial underlying changes in the business.
Looking ahead, Allegion has affirmed its full-year EPS guidance at $7.35 to $7.45 and expects a cash flow between $540 million and $570 million. The company anticipates stable demand in 2025, with growth in electronics adoption and ongoing stability in non-residential markets. These recent developments underline Allegion's commitment to its strategic growth and efficiency initiatives.
InvestingPro Insights
Allegion plc's recent insider transactions by Timothy P. Eckersley align with the company's strong market position and financial performance. According to InvestingPro data, Allegion boasts a market capitalization of $12.23 billion, reflecting its significant presence in the security products and solutions industry.
The company's financial health is underscored by its revenue of $3.724 billion in the last twelve months as of Q3 2024, with a notable revenue growth of 5.36% in the most recent quarter. This growth trajectory is complemented by a robust gross profit margin of 43.96%, indicating efficient cost management and pricing power.
InvestingPro Tips highlight Allegion's commitment to shareholder returns, having raised its dividend for 10 consecutive years and maintained payments for 11 years. The current dividend yield stands at 1.35%, with a dividend growth rate of 6.67% over the last twelve months. This consistent dividend policy may be attractive to income-focused investors.
Moreover, Allegion's stock has demonstrated strong performance, with a one-year price total return of 37.85%. The company's P/E ratio of 21.47 suggests that investors are willing to pay a premium for its shares, possibly due to its market position and growth prospects.
For investors seeking a deeper understanding of Allegion's potential, InvestingPro offers 10 additional tips, providing a comprehensive analysis of the company's strengths and potential risks. These insights can be valuable for those considering the stock in light of recent insider transactions and the company's overall financial picture.
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