Tower Research Capital LLC TRC Increases Stock Holdings in Allegion plc (NYSE:ALLE)

Tower Research Capital LLC TRC raised its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 310.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,766 shares of the scientific and technical instruments company's stock after purchasing an additional 5,119 shares during the period. Tower Research Capital LLC TRC's holdings in Allegion were worth $884,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in Allegion in the 4th quarter worth approximately $28,000. Atala Financial Inc purchased a new stake in shares of Allegion in the 4th quarter valued at $35,000. GeoWealth Management LLC grew its holdings in shares of Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after purchasing an additional 223 shares during the last quarter. Private Trust Co. NA boosted its holdings in Allegion by 56.1% during the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after acquiring an additional 115 shares during the period. Finally, Tortoise Investment Management LLC lifted its position in Allegion by 78.0% in the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock valued at $51,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

ALLE has been the topic of several analyst reports. StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays upped their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday. Wells Fargo & Company cut their target price 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 increased their price objective on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Morgan Stanley boosted their target price 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 research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $140.40.

Allegion Stock Up 0.7 %

Shares of ALLE traded up $0.97 on Tuesday, reaching $138.23. The stock had a trading volume of 968,122 shares, compared to its average volume of 831,427. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. The company has a 50-day simple moving average of $127.48 and a 200-day simple moving average of $133.54. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping 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 firm had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. During the same period in the prior year, the firm earned $1.55 EPS. The company's revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Allegion plc will post 7.77 EPS 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.48%. 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 at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. This represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by insiders.

Allegion 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.