Tidal Investments LLC Has $2.33 Million Stock Position in Allegion plc (NYSE:ALLE)

Tidal Investments LLC lifted its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 187.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,854 shares of the scientific and technical instruments company's stock after acquiring an additional 11,636 shares during the period. Tidal Investments LLC's holdings in Allegion were worth $2,333,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. True Wealth Design LLC lifted its holdings in shares of Allegion by 226.3% during the 4th quarter. True Wealth Design LLC now owns 509 shares of the scientific and technical instruments company's stock worth $67,000 after acquiring an additional 353 shares during the period. State of Wyoming lifted its holdings in shares of Allegion by 1,041.7% during the 4th quarter. State of Wyoming now owns 5,583 shares of the scientific and technical instruments company's stock worth $730,000 after acquiring an additional 5,094 shares during the period. Sherbrooke Park Advisers LLC bought a new position in shares of Allegion during the 4th quarter worth about $438,000. Royal Bank of Canada lifted its holdings in shares of Allegion by 1.2% during the 4th quarter. Royal Bank of Canada now owns 221,685 shares of the scientific and technical instruments company's stock worth $28,969,000 after acquiring an additional 2,700 shares during the period. Finally, Rafferty Asset Management LLC lifted its holdings in shares of Allegion by 11.1% during the 4th quarter. Rafferty Asset Management LLC now owns 8,117 shares of the scientific and technical instruments company's stock worth $1,061,000 after acquiring an additional 811 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

Shares of NYSE:ALLE traded down $0.32 during trading on Friday, reaching $141.31. The stock had a trading volume of 617,189 shares, compared to its average volume of 851,070. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The business's 50-day moving average price is $132.83 and its 200 day moving average price is $133.04. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The stock has a market capitalization of $12.16 billion, a PE ratio of 20.72, a P/E/G ratio of 3.97 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. During the same quarter in the previous year, the company posted $1.55 earnings per share. Allegion's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio (DPR) is presently 28.65%.

Insider Buying and Selling

In related news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now owns 9,625 shares in the company, valued at $1,205,820. The trade was a 7.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. This trade represents a 16.51% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ALLE has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Wells Fargo & Company reduced their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Barclays raised their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday, April 25th. Robert W. Baird boosted their price target on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Morgan Stanley upped their price objective on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, Allegion has an average rating of "Hold" and an average target price of $140.40.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.