Today it was reported that the SVP, GC, Secretary & CCO of Allegion (ALLE), Jeffrey Braun, exercised options to sell 6,218 ALLE shares at $67.10 a share, for a total transaction value of $649.3K.
Following Jeffrey Braun’s last ALLE Sell transaction on March 01, 2019, the stock climbed by 13.6%. In addition to Jeffrey Braun, one other ALLE executive reported Sell trades in the last month.
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Based on Allegion’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $655 million and quarterly net profit of $80.2 million. In comparison, last year the company earned revenue of $613 million and had a net profit of $72.2 million. ALLE’s market cap is $9.84B and the company has a P/E ratio of 22.56. Currently, Allegion has an average volume of 571.7K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $105.75, reflecting a 0.4% upside.
The insider sentiment on Allegion has been negative according to 88 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Jeffrey Braun’s trades have generated a -7.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
