115,227 Allegion PLC $ALLE Shares Purchased by Lido Advisors LLC

Lido Advisors LLC grew its position in shares of Allegion PLC (NYSE:ALLE) by 1,929.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 121,198 shares of the scientific and technical instruments company’s stock after acquiring an additional 115,227 shares during the period. Lido Advisors LLC’s holdings in Allegion were worth $18,637,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of Allegion by 30,063.6% in the 3rd quarter. International Assets Investment Management LLC now owns 869,012 shares of the scientific and technical instruments company’s stock valued at $133,628,000 after purchasing an additional 866,131 shares in the last quarter. M&G PLC increased its position in Allegion by 1,426.2% during the 3rd quarter. M&G PLC now owns 474,160 shares of the scientific and technical instruments company’s stock worth $72,912,000 after purchasing an additional 443,091 shares in the last quarter. Wellington Management Group LLP increased its position in Allegion by 964.6% during the 2nd quarter. Wellington Management Group LLP now owns 356,725 shares of the scientific and technical instruments company’s stock worth $50,116,000 after purchasing an additional 323,218 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Allegion by 2,372.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 256,374 shares of the scientific and technical instruments company’s stock worth $39,423,000 after purchasing an additional 246,004 shares in the last quarter. Finally, Hawk Ridge Capital Management LP raised its holdings in Allegion by 32.9% in the first quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company’s stock valued at $116,640,000 after buying an additional 198,800 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegion

In other news, SVP Tracy L. Kemp sold 4,469 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $178.81, for a total transaction of $799,101.89. Following the transaction, the senior vice president directly owned 11,358 shares of the company’s stock, valued at approximately $2,030,923.98. The trade was a 28.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Timothy Eckersley sold 6,364 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $178.62, for a total transaction of $1,136,737.68. Following the completion of the transaction, the senior vice president owned 22,028 shares of the company’s stock, valued at $3,934,641.36. This trade represents a 22.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ALLE has been the topic of a number of recent research reports. Bank of America raised shares of Allegion from a “neutral” rating to a “buy” rating and lifted their price target for the company from $164.00 to $200.00 in a research report on Friday, October 23rd. Morgan Stanley increased their price objective on shares of Allegion from $170.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. JPMorgan Chase & Co. raised their target price on shares of Allegion from $170.00 to $183.00 and gave the company a “neutral” rating in a research note on Friday, October 23rd. Robert W. Baird set a $196.00 target price on shares of Allegion in a report on Friday, October 23rd. Finally, Evercore reaffirmed an “outperform” rating and set a $180.00 price target on shares of Allegion in a research report on Tuesday, September 22nd. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $180.70.

Allegion Price Performance

Shares of NYSE ALLE opened at $191.07 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.90 and a quick ratio of 1.24. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $195.42. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.14 and a beta of 0.82. The business has a 50-day moving average of $163.46 and a 200-day moving average of $151.83.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.50 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $2.30 EPS. On average, equities analysts anticipate that Allegion PLC will post 9.10 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 annualized dividend and a yield of 1.2%. Allegion’s dividend payout ratio (DPR) is 27.40%.

Allegion Company Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, hospitals and other institutions. Its offerings include mechanical and electronic locks, access-control systems, door closers, exit devices and related door hardware. The company sells products under brands including Schlage, Von Duprin, LCN and CISA. Its solutions are used in both commercial and residential settings, with operations serving customers in North America and other markets around the world.