Insider Selling: Allegion (NYSE:ALLE) SVP Sells $168,250.00 in Stock

Allegion SVP Vincent Wenos sold 1,000 shares of the company's stock for $168,250, reducing his direct ownership by 7.64%. Despite this insider selling, Allegion's stock rose 0.5% and the company exceeded Q2 analyst expectations with EPS of $2.40 and revenue of $1.15 billion. The board also authorized a $500 million share repurchase program, while analysts maintain a "Hold" rating with an average price target of $164.75.