Allegion Plc (ALLE) Files Form 4 Insider Selling : Raymond H Jr Lewis Sells 1,278 Shares

Allegion Plc (ALLE): Raymond H Jr Lewis , Sr. V. President – HR & Comm. of Allegion Plc sold 1,278 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $66.78 per share for a total value of $85,338.45 , 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 6, 2016, Raymond H Jr Lewis (Sr. V. President – HR & Comm.) sold 4,354 shares at $65.18 per share price.On May 2, 2016, Dean I Schaffer (director) purchased 10 shares at $65.10 per share price.Also, On Apr 8, 2016, Timothy P Eckersley (Sr. Vice President) sold 3,587 shares at $65.99 per share price.On Feb 12, 2016, Kirk S Hachigian (director) purchased 22 shares at $57.89 per share price.

Allegion PLC: On Tuesday, May 10, 2016 heightened volatility was witnessed in Allegion PLC which led to swings in the share price. The shares opened for trading at $66.58 and hit $67.02 on the upside , eventually ending the session at $66.94, with a gain of 1.16% or 0.77 points. The heightened volatility saw the trading volume jump to 3,27,492 shares. The 52-week high of the share price is $68.08 and the company has a market cap of $6,408 M . The 52-week low of the share price is at $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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