Allegion Plc (ALLE US, +1, 31-July-24)
On July 26th John Stone (CEO since 2022) purchased $675,000 worth of stock and Steven Mizell (Director since 2020) spent $137,000.
Stone’s purchase at $135 is his fourth and follows a February 2024 purchase of $1.3 million at $132, for which we ranked the stock +1.
Mizell’s purchase at $136.53 is his first, despite joining the board in 2020. Mizell is a former EVP-HR at Merck & Co and Monsanto and is also a director at GRAIL and Group 1 Automotive, and formerly at Oshkosh, yet this is his first reported purchase across all his current and prior positions. It does not appear aggressive relative to prior sales in other companies, but it is unusual.
The stock has moved slightly higher since we ranked the stock +1 on February 27th.
With these additional purchases, we are renewing our +1 rank (strongly positive).
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