Revenue Update on Allegion PLC(NYSE:ALLE)

Allegion PLC(NYSE:ALLE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $584.90M. Analysts estimated a revenue of $574.03M. Earnings per share were $0.99. Analysts had estimated an EPS of $0.90.

In a different note, On Jul 25, 2016, CLSA said it Downgrades its rating on Allegion PLC. The shares have been rated ‘Outperform’ by the firm. Goldman Sachs said it Initiates Coverage on Allegion PLC, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Buy’ by the firm.

Allegion PLC (ALLE) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.07% at a volume of 6,58,810. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $71.79. The peak price level was also seen at $71.79 while the days lowest was $70.92. Finally the shares closed at $71. The 52-week high of the shares is $73.49 while the 52-week low is $52.95. According to the latest information available, the market cap of the company is $6,809 M.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Raymond H Jr Lewis (Sr. V. President – HR & Comm.) sold 1,278 shares at $66.78 per share price.Also, On May 2, 2016, Dean I Schaffer (director) purchased 10 shares at $65.10 per share price.On Apr 8, 2016, Timothy P Eckersley (Sr. Vice President) sold 3,587 shares at $65.99 per share price, according to the Form-4 filing with the securities and exchange commission.

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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