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

Tidal Investments LLC cut its position in shares of Allegion PLC (NYSE:ALLE) by 77.0% in the second quarter, Holdings Channel reports. The institutional investor owned 20,790 shares of the scientific and technical instruments company’s stock after selling 69,434 shares during the period. Tidal Investments LLC’s holdings in Allegion were worth $2,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Continuum Advisory LLC acquired a new position in Allegion during the 2nd quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of Allegion by 1,666.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 68 shares in the last quarter. Bard Associates Inc. acquired a new position in Allegion during the fourth quarter worth $35,000. Finally, J.Safra Asset Management Corp acquired a new position in Allegion during the second quarter worth $42,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Trading Down 0.5%

ALLE stock opened at $154.61 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. The company has a fifty day moving average price of $154.78 and a two-hundred day moving average price of $144.94. Allegion PLC has a one year low of $125.00 and a one year high of $183.11. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 3.16 and a beta of 0.83.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.22 by $0.18. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Equities analysts anticipate that Allegion PLC will post 8.93 EPS for the current year.

Allegion Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Allegion

In other news, Director Steven Mizell acquired 170 shares of Allegion stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $158.28 per share, for a total transaction of $26,907.60. Following the completion of the acquisition, the director directly owned 5,899 shares in the company, valued at approximately $933,693.72. The trade was a 2.97% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Nickolas A. Musial sold 687 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the transaction, the chief accounting officer directly owned 6,798 shares in the company, valued at $1,053,690. The trade was a 9.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 11,288 shares of company stock worth $1,764,593. 0.64% of the stock is currently owned by insiders.

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.