Allegion PLC (ALLE) Shares Bought by Virtu Financial LLC
Virtu Financial LLC increased its stake in Allegion PLC (NYSE:ALLE) by 129.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,281 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,102 shares during the quarter. Virtu Financial LLC’s holdings in Allegion were worth $579,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of ALLE. Tower Research Capital LLC TRC increased its stake in shares of Allegion by 109.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock worth $105,000 after buying an additional 692 shares during the last quarter. Zions Bancorporation increased its stake in shares of Allegion by 141.9% in the third quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock worth $137,000 after buying an additional 931 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. bought a new stake in shares of Allegion in the fourth quarter worth $210,000. Allianz Asset Management GmbH bought a new stake in shares of Allegion in the third quarter worth $211,000. Finally, Visionary Asset Management Inc. bought a new stake in shares of Allegion in the third quarter worth $211,000. Institutional investors and hedge funds own 89.78% of the company’s stock.
A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 price target for the company in a research note on Thursday, February 22nd. Barclays restated an “overweight” rating and issued a $103.00 price target (up previously from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Wells Fargo & Co restated an “outperform” rating and issued a $105.00 price target (up previously from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Finally, Imperial Capital restated an “outperform” rating and issued a $94.00 price target (up previously from $85.00) on shares of Allegion in a research note on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $95.83.
Allegion (NYSE:ALLE) last released its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share 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 analyst estimates of $605.13 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities research analysts forecast that Allegion PLC will post 4.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.21 per share. This is a positive change from Allegion’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.84 annualized dividend and a yield of 1.02%. Allegion’s payout ratio is presently 22.46%.
In other Allegion news, insider Chris E. Muhlenkamp sold 3,944 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $86.33, for a total transaction of $340,485.52. Following the completion of the sale, the insider now owns 17,527 shares in the company, valued at $1,513,105.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy P. Eckersley sold 7,970 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $86.40, for a total transaction of $688,608.00. Following the sale, the insider now owns 36,855 shares of the company’s stock, valued at approximately $3,184,272. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.
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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