Insider Trading Update- Allegion PLC (ALLE)

Allegion PLC (NYSE:ALLE) insider has recently participated in insider trading activity. Director, HACHIGIAN KIRK S bought 22 shares for $ 1,274 via one transaction     Feb 12. Another notable insider trading was done by Muhlenkamp Chris E on Nov 04, who is the Sr. Vice President. The insider sold 8,278 shares at an average price of $64.52. Moreover, an insider selling of 395 shares was carried out by CHESSER MICHAEL J, Director, on Aug 03. Following the transaction, the insider now owns 3,325 shares in total. Director Schaffer Dean I bought 407 shares for $ 25,629 through one transaction Aug 03. Following this sale, this insider’s stake in the company comprises 3,180 shares, priced at $186030 as of Tuesday.

The stock has experienced a total of 20 insider trades in the past three months. These trades include 10 sell activities and 10 buy trades. Furthermore, over the past 12 months, the stock was traded 80 times by insiders. In 42 of these trades, the insider was a seller while an employee of the company was the buyer in just 38 instances.

On February 11, 2016, Allegion PLC (ALLE) a leading global provider of security products and solutions, reported fourth-quarter 2015 net revenues of $545.4 million and net earnings of $71.9 million or $0.74 per share. Excluding charges related to restructuring, acquisitions and divestitures, adjusted net earnings were $86.5 million or $0.89 per share, up 17.1 percent when compared with fourth-quarter 2014 adjusted EPS of $0.76.

Fourth-quarter net revenues decreased 4.9 percent, when compared to the prior year period (up 4.8 percent on an organic basis). Reported revenues had positive organic growth and contribution from acquisitions that were more than offset by divestitures and foreign currency. The organic growth reflects the introduction of new products and the company’s channel initiatives as well as global electronic sales that grew 28 percent in the quarter.

The Americas segment revenues decreased 2 percent (up 6.6 percent on an organic basis). The organic growth was driven by low-double digit residential and mid-single digit non-residential growth. Overall revenue declined due to unfavorable foreign currency and the divestiture of the company’s Venezuelan business, partially offset by the benefit of acquisitions.

Allegion Public Limited Company manufactures and sells mechanical and electronic security products and solutions worldwide. It provides locks, locksets, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; video analytics; doors and door frames; and other accessories. The company sells its products to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets under the strategic brands, such as Schlage, Von Duprin, LCN, CISA, and Interflex, as well as Steelcraft and Bricard brands.