Tidal Investments LLC Boosts Position in Allegion plc (NYSE:ALLE)

Tidal Investments LLC raised its holdings in Allegion plc (NYSE:ALLE - Free Report) by 187.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,854 shares of the scientific and technical instruments company's stock after buying 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 Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ALLE. Barclays PLC lifted its stake in shares of Allegion by 28.9% in the third quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company's stock valued at $37,861,000 after buying an additional 58,268 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Allegion by 10.4% during the 4th quarter. Park Avenue Securities LLC now owns 3,847 shares of the scientific and technical instruments company's stock valued at $503,000 after acquiring an additional 362 shares in the last quarter. Merit Financial Group LLC bought a new position in Allegion during the 4th quarter valued at $282,000. Arkadios Wealth Advisors bought a new position in Allegion during the 4th quarter valued at $277,000. Finally, Crossmark Global Holdings Inc. lifted its stake in Allegion by 383.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,460 shares of the scientific and technical instruments company's stock valued at $1,497,000 after acquiring an additional 9,090 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Stock Performance

Shares of NYSE ALLE traded down $1.17 during mid-day trading on Wednesday, reaching $143.36. 293,492 shares of the company's stock were exchanged, compared to its average volume of 850,636. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. 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 firm has a 50-day moving average price of $133.41 and a two-hundred day moving average price of $133.10.

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

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio (DPR) is currently 28.65%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALLE shares. Barclays raised their price objective on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. Wells Fargo & Company dropped their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Robert W. Baird raised their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Morgan Stanley raised their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $140.40.

Insider Buying and Selling

In related news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the sale, the senior vice president now owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This trade represents a 7.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now directly owns 10,273 shares of the company's stock, valued at $1,302,000.02. The trade was 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 insiders.

Allegion Company Profile

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.