Tidal Investments LLC Sells 69,434 Shares of Allegion PLC $ALLE

Key Points

• Tidal Investments cut its Allegion stake by 77% in the second quarter, selling 69,434 shares and retaining 20,790 shares valued at approximately $2.9 million. Institutional investors collectively own 92.21% of Allegion.
• Allegion reported quarterly EPS of $2.40, exceeding estimates by $0.18, while revenue rose 12.7% year over year to $1.15 billion. The company reaffirmed fiscal 2026 EPS guidance of $8.85–$9.00.
• Allegion declared a quarterly dividend of $0.55 per share, equivalent to $2.20 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $160, versus the stock’s recent price of $154.61.

Tidal Investments LLC lowered its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 77.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,790 shares of the scientific and technical instruments company's stock after selling 69,434 shares during the quarter. Tidal Investments LLC's holdings in Allegion were worth $2,921,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Allegion by 6.5% during the second quarter. NewEdge Advisors LLC now owns 2,274 shares of the scientific and technical instruments company's stock worth $319,000 after buying an additional 138 shares in the last quarter. Baird Financial Group Inc. grew its position in Allegion by 2.0% during the 2nd quarter. Baird Financial Group Inc. now owns 7,470 shares of the scientific and technical instruments company's stock worth $1,049,000 after acquiring an additional 150 shares during the last quarter. Allworth Financial LP increased its holdings in Allegion by 9.5% during the 2nd quarter. Allworth Financial LP now owns 1,368 shares of the scientific and technical instruments company's stock valued at $192,000 after purchasing an additional 119 shares in the last quarter. Arizona State Retirement System raised its position in Allegion by 5.7% in the 2nd quarter. Arizona State Retirement System now owns 24,699 shares of the scientific and technical instruments company's stock valued at $3,470,000 after purchasing an additional 1,322 shares during the last quarter. Finally, Waverly Advisors LLC boosted its stake in Allegion by 8.5% in the second quarter. Waverly Advisors LLC now owns 2,242 shares of the scientific and technical instruments company's stock worth $315,000 after purchasing an additional 175 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Transactions at Allegion

In other news, CAO Nickolas A. Musial sold 687 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total value of $106,485.00. Following the transaction, the chief accounting officer owned 6,798 shares of the company's stock, valued at $1,053,690. This represents a 9.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Eckersley sold 6,417 shares of the firm's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $157.26, for a total value of $1,009,137.42. Following the completion of the transaction, the senior vice president owned 29,919 shares in the company, valued at $4,705,061.94. This represents a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 11,288 shares of company stock valued at $1,764,593. 0.64% of the stock is currently owned by company insiders.

Allegion Trading Down 0.5%

Shares of ALLE opened at $154.61 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. The firm has a market capitalization of $13.15 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 3.16 and a beta of 0.83. The stock's fifty day simple moving average is $154.78 and its 200-day simple moving average is $144.94.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.18. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The company's revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, research analysts predict that Allegion PLC will post 8.93 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 15th. Allegion's dividend payout ratio is currently 28.87%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Longbow Research upgraded Allegion from a "neutral" rating to a "buy" rating and set a $165.00 target price for the company in a research note on Thursday, June 11th. JPMorgan Chase & Co. increased their price objective on shares of Allegion from $150.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Weiss Ratings raised shares of Allegion from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 4th. Robert W. Baird set a $170.00 target price on shares of Allegion in a research note on Friday, July 24th. Finally, Morgan Stanley reduced their target price on shares of Allegion from $165.00 to $142.00 and set an "equal weight" rating on the stock in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $160.00.

Allegion Company Profile

Allegion plc NYSE: ALLE is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion's brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.

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