Quadrature Capital Ltd Invests $386,000 in Allegion PLC (ALLE)
Quadrature Capital Ltd purchased a new position in Allegion PLC (NYSE:ALLE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,857 shares of the scientific and technical instruments company’s stock, valued at approximately $386,000.
Several other large investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake in Allegion by 109.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 692 shares in the last quarter. Zions Bancorporation grew its position in shares of Allegion by 141.9% during the 3rd quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock valued at $137,000 after purchasing an additional 931 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Allegion during the 3rd quarter valued at $211,000. Visionary Asset Management Inc. purchased a new position in Allegion in the third quarter worth $211,000. Finally, Advisor Group Inc. grew its position in Allegion by 363.0% in the third quarter. Advisor Group Inc. now owns 2,542 shares of the scientific and technical instruments company’s stock worth $220,000 after acquiring an additional 1,993 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors.
In related news, insider Chris E. Muhlenkamp sold 3,944 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $86.33, for a total value of $340,485.52. Following the completion of the transaction, the insider now directly owns 17,527 shares of the company’s stock, valued at $1,513,105.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy P. Eckersley sold 7,970 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $86.40, for a total transaction of $688,608.00. Following the completion of the transaction, the insider now directly owns 36,855 shares of the company’s stock, valued at $3,184,272. The disclosure for this sale can be found here. 0.64% of the stock is owned by corporate insiders.
Allegion PLC (ALLE) opened at $82.23 on Friday. The company has a market cap of $7,811.87, a PE ratio of 28.85, a PEG ratio of 1.48 and a beta of 1.09. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.72 and a current ratio of 2.24. Allegion PLC has a one year low of $72.45 and a one year high of $89.81.
Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.94 by $0.17. Allegion had a net margin of 11.35% and a return on equity of 126.46%. The firm had revenue of $623.00 million during the quarter, compared to the consensus estimate of $605.13 million. During the same period in the prior year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. sell-side analysts predict that Allegion PLC will post 4.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a $0.21 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, March 14th. Allegion’s dividend payout ratio is presently 22.46%.
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Allegion Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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