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In a recent transaction, Jeffrey N. Braun, Senior Vice President, General Counsel, and Secretary at Allegion plc (NYSE:ALLE), sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Braun sold 2,018 ordinary shares on March 10, 2025. The shares were sold at an average price of $134.6817, amounting to a total transaction value of $271,787. The sale occurred with the stock trading near its 52-week high of $156.10, while InvestingPro analysis indicates the stock is currently fairly valued.
The sale was executed in multiple transactions, with prices ranging from $134.676 to $134.73 per share. Following this sale, Braun retains ownership of 3,077 shares in Allegion.
Allegion plc, a global provider of security products and solutions, continues to be a key player in the industry, with its shares traded on the New York Stock Exchange under the ticker ALLE.
In other recent news, Allegion PLC reported its fourth-quarter 2024 earnings, showcasing an adjusted earnings per share (EPS) of $1.86, which exceeded analyst forecasts of $1.75. The company’s revenue reached $945.6 million, slightly surpassing the expected $938.17 million, marking a 5.4% increase year-over-year. This growth was attributed to organic expansion and strategic product innovations. Allegion also completed five acquisitions in 2024, further strengthening its market position. Looking ahead to 2025, the company projects modest revenue growth of 1% to 3% and anticipates EPS to range between $7.65 and $7.85.
Additionally, Mizuho (NYSE:MFG) Securities recently 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 factors such as price/cost/productivity concerns, although Mizuho anticipates a positive turn in these metrics by 2025. The analyst also highlighted Allegion’s effective management of tariff impacts and projected growth in electronic locks. Despite these challenges, Allegion’s updated earnings estimates for 2025 and 2026 reflect resilience and confidence in its financial performance.
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