GuruFocus - John Stone, President and CEO of Allegion PLC (NYSE:ALLE), purchased 5,000 shares of the company on July 26, 2024, as per the SEC Filing. Following this transaction, the insider now owns a total of 118,640 shares of Allegion PLC.
Allegion PLC is a provider of security products and solutions for homes and businesses. The company's products include mechanical and electronic security products such as locks, doors, and access control systems.
On the day of the transaction, shares of Allegion PLC were priced at $134.99. The company's market cap is approximately $12.14 billion. Allegion PLC's price-earnings ratio stands at 22.15, which is above the industry median of 17.69.
The GF Value of Allegion PLC is $129.62, indicating a price-to-GF-Value ratio of 1.04, suggesting that the stock is Fairly Valued.
Over the past year, John Stone has increased his holdings in Allegion PLC by purchasing a total of 15,000 shares. There have been three insider buys and six insider sells in the company over the same period.
This insider buying activity could be a signal to investors about the insiders confidence in the future prospects of Allegion PLC.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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