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In a recent transaction, Tracy L. Kemp, Senior Vice President and Chief Information and Digital Officer at Allegion plc (NYSE:ALLE), sold 2,032 ordinary shares of the company. The shares were sold on March 11, 2025, with the transaction amounting to approximately $257,540. Allegion, with a market capitalization of $10.7 billion, has demonstrated strong financial health according to InvestingPro analysis, maintaining dividend payments for 12 consecutive years.
The shares were sold at a weighted average price of $126.7424 per share, with individual sale prices ranging from $126.74 to $126.825. Following this transaction, Kemp retains ownership of 10,273 shares in Allegion. Based on InvestingPro’s Fair Value analysis, the stock currently appears slightly undervalued, with analysts setting price targets between $110 and $165.
This sale was executed as part of a routine transaction and was reported in a Form 4 filing with the Securities and Exchange Commission. The company maintains a healthy financial position with a current ratio of 2.04, indicating strong liquidity, and operates with a moderate level of debt.
In other recent news, Allegion PLC reported its fourth-quarter 2024 earnings, revealing an adjusted earnings per share (EPS) of $1.86, surpassing analyst forecasts of $1.75. The company’s revenue for the quarter reached $945.6 million, slightly exceeding the expected $938.17 million. Despite the positive earnings results, Mizuho (NYSE:MFG) Securities adjusted its outlook on Allegion, lowering the price target from $150.00 to $145.00 while maintaining a Neutral rating. Mizuho cited factors such as negative optics from price/cost/productivity driven by rebate accruals, although they anticipate improvements by 2025. Allegion’s growth was driven by successful product innovations and strategic acquisitions, with revenue rising 5.4% year-over-year. The company launched several innovative products and completed five acquisitions in 2024, bolstering its market position. Looking ahead, Allegion projects modest revenue growth between 1% and 3% for 2025, with expected EPS ranging from $7.65 to $7.85. The company continues to manage tariff impacts effectively, with strategic pricing actions and supplier collaborations.
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