Parsons Capital Management Inc. RI Cuts Holdings in Allegion plc (NYSE:ALLE)

Parsons Capital Management Inc. RI lessened its stake in Allegion plc (NYSE:ALLEFree Report) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,819 shares of the scientific and technical instruments company’s stock after selling 699 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Allegion were worth $2,067,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lord Abbett & CO. LLC increased its position in shares of Allegion by 96.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock valued at $244,063,000 after purchasing an additional 823,874 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Allegion by 397.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock valued at $88,450,000 after buying an additional 484,995 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Allegion in the third quarter valued at $666,840,000. Millennium Management LLC lifted its holdings in Allegion by 483.1% during the 2nd quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company’s stock worth $60,914,000 after buying an additional 427,146 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Allegion by 13.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after buying an additional 232,395 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Performance

Shares of ALLE opened at $135.40 on Tuesday. The company’s 50 day simple moving average is $135.09 and its 200-day simple moving average is $137.18. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The firm has a market cap of $11.77 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 3.26 and a beta of 1.11. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 1.42%. Allegion’s dividend payout ratio is presently 29.49%.

Insider Buying and Selling at Allegion

In related news, CEO John H. Stone bought 7,500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the purchase, the chief executive officer now owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This trade represents a 6.64 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ALLE has been the topic of several research analyst reports. Barclays cut their target price on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Mizuho raised their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird upped their target price on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley assumed coverage on shares of Allegion in a research note on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price objective for the company. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $140.83.

Check Out Our Latest Stock Analysis on ALLE

Allegion 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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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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