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In recent transactions reported to the SEC, Nickolas A. Musial, Vice President, Controller & Chief Accounting Officer of Allegion plc (NYSE:ALLE), sold 403 shares of the company’s ordinary stock on February 19, 2025. The shares were sold at a price of $124.70 each, amounting to a total transaction value of approximately $50,254.
Additionally, Musial acquired 403 shares through the exercise of stock options at $57.85 per share on the same day, which were subsequently sold. Prior to these transactions, Musial had 5,375 shares, and post-transaction, he holds 4,972 shares directly.
These transactions were part of routine financial management and do not necessarily indicate any change in Musial’s view of the company’s prospects.
In other recent news, Allegion PLC reported its fourth-quarter 2024 earnings, with adjusted earnings per share (EPS) of $1.86, surpassing analyst forecasts of $1.75. The company achieved revenue of $945.6 million, slightly exceeding the expected $938.17 million, marking a 5.4% year-over-year increase. Allegion attributed this growth to product innovation and strategic acquisitions completed in 2024. The company’s outlook for 2025 suggests modest revenue growth between 1% and 3% and continued margin expansion. Allegion anticipates earnings per share for 2025 to range from $7.65 to $7.85.
In related developments, Mizuho (NYSE:MFG) Securities adjusted its outlook on Allegion, lowering the stock’s price target from $150 to $145 while maintaining a Neutral rating. The revision was influenced by factors such as price/cost/productivity dynamics and a slowdown in electronic lock growth. Despite these challenges, Mizuho increased its estimated EPS for 2025 to $7.80, reflecting confidence in Allegion’s financial resilience. Allegion’s strategic pricing actions and collaboration with suppliers are expected to mitigate potential tariff impacts from Mexico, which could affect 20-25% of the cost of goods sold.
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