Allegion Plc (ALLE US, +1, 05-Dec-24)

John Stone (CEO since 2022) made another large purchase, spending $1 million on December 3rd at $140.70. This is his fifth purchase since taking over as CEO in 2022 and he has spent a total of $6.4m, initially at $104 in October 2022. The purchases, along with option awards of 75,000 shares has brought his holdings to 120,481 shares, $17 million worth of stock. 

We ranked this stock initially in July 2023 based on purchases from him at $166, and have renewed the signal twice as he added at higher prices in July 2024 and was joined by Steven Mizell (Director since 2020) spending $137,000. These are confident purchases from the CEO, now two years into his term. Prior to joining Allegion Stone was a senior officer at Deere.

We are renewing our +1 rank (strongly positive).