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Allegion plc (ALLE) receives a Neutral rating from Mizuho

Allegion plc’s filing revealed that its Sr. VP-Allegion International Eckersley Timothy P unloaded Company’s shares for reported $0.3 million on Mar 12 ’24. In the deal valued at $132.75 per share,2,291 shares were sold. As a result of this transaction, Eckersley Timothy P now holds 33,276 shares worth roughly $4.19 million.

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Then, Eckersley Timothy P sold 5,089 shares, generating $664,799 in total proceeds. Upon selling the shares at $130.63, the Sr. VP-Allegion International now owns 0 shares.

Before that, Eckersley Timothy P sold 5,047 shares. Allegion plc shares valued at $656,060 were divested by the Sr. VP-Allegion International at a price of $129.99 per share. As a result of the transaction, Eckersley Timothy P now holds 35,567 shares, worth roughly $4.48 million.

Mizuho downgraded its Allegion plc [ALLE] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was increased to $141 from $140. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “an Equal weight”. Barclays also remained covering ALLE and has decreased its forecast on December 04, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Vertical Research revised its rating on October 19, 2023. It rated ALLE as “a Hold” which previously was an “a Buy”.

Price Performance Review of ALLE

On Friday, Allegion plc [NYSE:ALLE] saw its stock jump 0.25% to $125.99. Over the last five days, the stock has gained 2.53%. Allegion plc shares have fallen nearly -0.55% since the year began. Nevertheless, the stocks have risen 16.32% over the past one year. While a 52-week high of $136.91 was reached on 02/20/24, a 52-week low of $95.94 was recorded on 01/16/24. SMA at 50 days reached $128.84, while 200 days put it at $116.83. A total of 0.59 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For ALLE Stock

The 24-hour chart illustrates a support level at 125.26, which if violated will result in even more drops to 124.53. On the upside, there is a resistance level at 126.79. A further resistance level may holdings at 127.59. The Relative Strength Index (RSI) on the 14-day chart is 49.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.97%. Stochastics %K at 67.66% indicates the stock is a holding.

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