SG Americas Securities LLC Reduces Stock Holdings in Allegion plc (NYSE:ALLE)

SG Americas Securities LLC cut its holdings in Allegion plc (NYSE:ALLE) by 38.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 large investors have also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. increased its position in Allegion by 61.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 72 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Allegion during the 3rd quarter worth about $28,000. Concord Wealth Partners purchased a new stake in shares of Allegion during the third quarter worth about $29,000. Cromwell Holdings LLC lifted its stake in shares of Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 92 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Allegion by 66.2% during the third quarter. GAMMA Investing LLC now owns 324 shares of the scientific and technical instruments company’s stock valued at $47,000 after buying an additional 129 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Down 0.6 %

Shares of NYSE:ALLE opened at $132.77 on Friday. The stock has a 50-day simple moving average of $134.40 and a 200-day simple moving average of $137.36. The stock has a market capitalization of $11.54 billion, a P/E ratio of 20.39, a PEG ratio of 3.24 and a beta of 1.11. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, December 17th. Allegion’s payout ratio is currently 29.49%.

Insider Activity

In related news, CEO John H. Stone bought 7,500 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the purchase, the chief executive officer now owns 120,481 shares in the company, valued at $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALLE. Mizuho boosted their price target on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company reduced their target price on Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Robert W. Baird raised their price target on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley initiated coverage on shares of Allegion in a research report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 target price on the stock. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Allegion has an average rating of “Hold” and an average target price of $140.83.

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.