Today it was reported that the Sr. VP – Global Ops & ISC of Allegion (ALLE), Chris Muhlenkamp, exercised options to sell 12,034 ALLE shares at $43.36 a share, for a total transaction value of $1.07M.
Following Chris Muhlenkamp’s last ALLE Sell transaction on March 02, 2018, the stock climbed by 7.6%. In addition to Chris Muhlenkamp, 5 other ALLE executives reported Sell trades in the last month.
See today’s analyst top recommended stocks >>
Based on Allegion’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $702 million and quarterly net profit of $133 million. In comparison, last year the company earned revenue of $623 million and had a net profit of $9.6 million. ALLE’s market cap is $8.4B and the company has a P/E ratio of 19.38. Currently, Allegion has an average volume of 1.4M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $97.00, reflecting a 9.7% upside.
The insider sentiment on Allegion has been negative according to 86 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Allegion Plc provides security products and solutions that keep people safe, secure and productiv. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific.