The COB, Pres & CEO of Allegion is Exercising Options

By Carrie Williams

Yesterday it was reported that the COB, Pres & CEO of Allegion (ALLEResearch Report), David Petratis, exercised options to sell 170,823 ALLE shares at $53.34 a share, for a total transaction value of $22.38M.

Following David Petratis’ last ALLE Sell transaction on February 24, 2014, the stock climbed by 78.2%.

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Based on Allegion’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $720 million and quarterly net profit of $80.7 million. In comparison, last year the company earned revenue of $702 million and had a net profit of $133 million. The company has a one-year high of $139.24 and a one-year low of $87.10. Currently, Allegion has an average volume of 700.38K.

The insider sentiment on Allegion has been negative according to 92 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Allegion Plc provides security products and solutions that keep people safe, secure and productiv. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific.