Allegion Plc (ALLE) Files Form 4 Insider Selling : Raymond H Jr Lewis Sells 4,354 Shares

Allegion Plc (ALLE): Raymond H Jr Lewis , Sr. V. President – HR & Comm. of Allegion Plc sold 4,354 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $65.18 per share for a total value of $283,811.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, Dean I Schaffer (director) purchased 10 shares at $65.10 per share price.On Apr 8, 2016, Timothy P Eckersley (Sr. Vice President) sold 3,587 shares at $65.99 per share price.Also, On Mar 7, 2016, Raymond H Jr Lewis (Sr. V. President – HR & Comm.) sold 5,058 shares at $63.18 per share price.On Feb 12, 2016, Kirk S Hachigian (director) purchased 22 shares at $57.89 per share price.

Shares of Allegion PLC (ALLE) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.23 points or -0.35% at $65.46 with 5,39,027 shares getting traded. Post opening the session at $65.37, the shares hit an intraday low of $64.83 and an intraday high of $65.605 and the price vacillated in this range throughout the day. The company has a market cap of $6,267 M and the number of outstanding shares has been calculated to be 9,57,33,733 shares. The 52-week high of Allegion PLC is $68.08 and the 52-week low is $52.95.

Allegion PLC Money Flow Index Chart

Company has been under the radar of several Street Analysts.Allegion PLC is Reiterated by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 71 from a previous price target of $68 .The Rating was issued on Apr 20, 2016.Allegion PLC is Upgraded by Credit Agricole to Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 12, 2016.

Allegion plc is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its products include door closers and controls electronic security products exit devices time attendance and workforce productivity systems door and door frames (steel) electronic and biometric access control systems locks locksets and key systems video analytics systems and other accessories. The Company’s products also include an array of sealing systems such as sound control fire and smoke protection threshold applications lites door louvers intumescent products photo-luminescent and flood barrier for doors.It operates in three geographic segments: Americas; Europe Middle East India and Africa (EMEIA) and Asia Pacific. The Company’s brands include CISA FALCON Briton Schlage Bricard LCN Von Duprin STEELCRAFT NORMBAU and INAFER among others.

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