Allegion plc (ALLE) : Traders are bullish on Allegion plc (ALLE) as it has outperformed the S&P 500 by a wide margin of 0.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.32% in the last 1 week, and is up 1.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.88% and the 50-Day Moving Average is 3.79%. Allegion plc (NYSE:ALLE): stock turned positive on Friday. Though the stock opened at $71.81, the bulls momentum made the stock top out at $72.54 level for the day. The stock recorded a low of $71.68 and closed the trading day at $72.35, in the green by 0.75%. The total traded volume for the day was 598,080. The stock had closed at $71.81 in the previous days trading.
The company Insiders own 0.4% of Allegion plc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.02% . Institutional Investors own 93.67% of Allegion plc shares. During last six month period, the net percent change held by insiders has seen a change of -27.15%. Also, Imperial Capital downgrades its view on Allegion plc (NYSE:ALLE) according to the research report released by the firm to its investors. The shares have now been rated In-line by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. Imperial Capital raises the price target from $71 per share to $79 per share on Allegion plc. The rating by the firm was issued on August 2, 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 Companys 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 Companys brands include CISA, FALCON, Briton, Schlage, Bricard, LCN, Von Duprin, STEELCRAFT, NORMBAU and INAFER, among others.