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David S. Ilardi, Senior Vice President of Allegion Americas, recently sold 789 shares of Allegion plc (NYSE:ALLE) at a weighted average price of $125.28 per share, totaling approximately $98,845. This transaction was executed in multiple sales with prices ranging from $124.93 to $125.64 per share. Following this sale, Ilardi owns 9,625 shares directly. The transaction occurred as Allegion, a $11 billion market cap company trading at a P/E of 18.6x, maintains a "GOOD" financial health rating according to InvestingPro analysis.
In a separate transaction, Ilardi acquired 789 shares through the exercise of stock options at a price of $57.85 per share. This acquisition was valued at $45,643. The stock options, which had vested in prior years, were exercised on the same day as the sale. InvestingPro analysis indicates that Allegion has maintained dividend payments for 12 consecutive years and typically trades with low price volatility. Get access to 8 more exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, Allegion reported its fourth-quarter 2024 earnings, with an adjusted earnings per share (EPS) of $1.86, surpassing the forecast of $1.75. The company’s revenue for the quarter reached $945.6 million, slightly exceeding the anticipated $938.17 million. Allegion’s revenue grew 5.4% year-over-year, driven by organic growth and product innovation. Despite this strong performance, Mizuho (NYSE:MFG) Securities adjusted its outlook on Allegion, lowering the price target from $150.00 to $145.00, while maintaining a Neutral rating. This decision was influenced by anticipated challenges such as price/cost/productivity issues and a muted end-market environment. The company launched several innovative products and completed five acquisitions in 2024, contributing to its market position. Allegion’s outlook for 2025 includes modest revenue growth and continued margin expansion, with EPS expected to range from $7.65 to $7.85. The firm is also managing potential tariff impacts effectively, with strategic pricing actions and collaboration with suppliers.
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