SG Americas Securities LLC lowered its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 38.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,334 shares of the scientific and technical instruments company's stock after selling 2,731 shares during the period. SG Americas Securities LLC's holdings in Allegion were worth $566,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in Allegion in the 3rd quarter valued at $4,988,000. Qsemble Capital Management LP acquired a new stake in shares of Allegion in the 3rd quarter worth $891,000. Nordea Investment Management AB boosted its holdings in shares of Allegion by 4.4% in the fourth quarter. Nordea Investment Management AB now owns 1,175,995 shares of the scientific and technical instruments company's stock valued at $154,643,000 after acquiring an additional 49,176 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Allegion by 4.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,643 shares of the scientific and technical instruments company's stock worth $1,260,000 after acquiring an additional 340 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Allegion by 31.6% during the third quarter. JPMorgan Chase & Co. now owns 801,520 shares of the scientific and technical instruments company's stock worth $116,814,000 after acquiring an additional 192,609 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Allegion
In related news, CEO John H. Stone acquired 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the purchase, the chief executive officer now directly owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.
Allegion Price Performance
Allegion stock traded down $0.23 during trading hours on Tuesday, hitting $128.50. The stock had a trading volume of 877,432 shares, compared to its average volume of 731,229. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The stock has a market capitalization of $11.17 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 3.28 and a beta of 1.11. The stock's fifty day moving average is $133.89 and its two-hundred day moving average is $137.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29.
Allegion Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.49%. Allegion's payout ratio is 29.49%.
Analyst Upgrades and Downgrades
ALLE has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Barclays decreased their price target on Allegion from $137.00 to $134.00 and set an "underweight" rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price objective on Allegion from $152.00 to $140.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 7th. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley began coverage on shares of Allegion in a report on Monday, January 6th. They issued an "equal weight" rating and a $137.00 price target for the company. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $140.83.
Read Our Latest Analysis on Allegion
Allegion Company Profile
(
Free Report)
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.
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