09:00 AM EDT, 08/06/2024 (MT Newswires) -- Allegion ( ALLE ) was the stock pick of the week from Smart Insider after the company's chief executive and a director purchased $675,000 and $137,000 worth of stock, respectively.

CEO John Stone's purchase at $135 per share is his fourth and comes after a February purchase of $1.3 million at $132 apiece, for which Smart Insider ranked the stock a "strong positive signal."

Director Steven Mizell's purchase at $136.53 per share is his first, Smart Insider said.

Smart Insider said it is renewing the stock's "strong positive signal" rank due to the additional purchases since the stock got the rank in February.

Price: 126.26, Change: -1.49, Percent Change: -1.17