Salem Capital Management Holding in General Electric (GE) Decreased by $4.99 Million as Stock Value Declined; Hall Laurie J Trustee Has Lowered Its Holding in Allegion Plc (ALLE) by $442,000

January 23, 2018 - By Ellis Scott

Hall Laurie J Trustee decreased its stake in Allegion Plc (ALLE) by 92.86% based on its latest 2017Q3 regulatory filing with the SEC. Hall Laurie J Trustee sold 5,200 shares as the company’s stock rose 7.90% with the market. The institutional investor held 400 shares of the diversified commercial services company at the end of 2017Q3, valued at $34,000, down from 5,600 at the end of the previous reported quarter. Hall Laurie J Trustee who had been investing in Allegion Plc for a number of months, seems to be less bullish one the $8.16B market cap company. The stock decreased 0.50% or $0.43 during the last trading session, reaching $85.8. About 477,538 shares traded. Allegion plc (NYSE:ALLE) has risen 17.63% since January 23, 2017 and is uptrending. It has outperformed by 0.93% the S&P500.

Salem Capital Management Inc decreased its stake in General Electric (GE) by 92.57% based on its latest 2017Q3 regulatory filing with the SEC. Salem Capital Management Inc sold 207,765 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 16,678 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $403,000, down from 224,443 at the end of the previous reported quarter. Salem Capital Management Inc who had been investing in General Electric for a number of months, seems to be less bullish one the $140.23B market cap company. The stock decreased 0.55% or $0.09 during the last trading session, reaching $16.17. About 134.21 million shares traded or 49.03% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since January 23, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Among 27 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 5 Sell and 13 Hold. Therefore 33% are positive. General Electric Company had 83 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank downgraded the stock to “Sell” rating in Friday, May 12 report. On Friday, October 14 the stock rating was maintained by UBS with “Buy”. As per Monday, November 30, the company rating was maintained by RBC Capital Markets. As per Thursday, January 4, the company rating was maintained by Tigress Financial. Bernstein upgraded the shares of GE in report on Friday, December 16 to “Outperform” rating. The firm has “Hold” rating given on Friday, July 21 by CFRA. The rating was maintained by Deutsche Bank on Monday, September 11 with “Sell”. Cowen & Co maintained the stock with “Hold” rating in Monday, August 7 report. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, June 12 with “Hold” rating. As per Monday, July 17, the company rating was maintained by Cowen & Co.

Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. Comstock Elizabeth J had sold 24,693 shares worth $633,375. Flannery John Leonard bought 103,983 shares worth $2.66M.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It is negative, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Geode Capital Llc invested in 85.75M shares or 0.76% of the stock. 43.00 million are owned by State Farm Mutual Automobile. 190,496 are owned by Cohen And Steers. Alta Capital Mngmt Ltd Liability has invested 0.02% in General Electric Company (NYSE:GE). Selway Asset Mngmt owns 1.54% invested in General Electric Company (NYSE:GE) for 110,165 shares. American Insur Com Tx reported 835,375 shares or 1.06% of all its holdings. Arizona State Retirement invested in 0.64% or 2.23M shares. Nottingham Advsrs holds 0.11% or 32,481 shares in its portfolio. Shufro Rose & Limited Co invested in 3.44% or 1.42 million shares. Assetmark Incorporated has invested 0.01% in General Electric Company (NYSE:GE). Cls Invs Lc holds 293 shares or 0% of its portfolio. Dean Associates has invested 0.1% in General Electric Company (NYSE:GE). Coldstream Capital reported 58,303 shares or 0.16% of all its holdings. Nikko Asset Management Americas holds 0.08% of its portfolio in General Electric Company (NYSE:GE) for 65,100 shares. Barclays Public Limited Co holds 0.2% or 8.20 million shares in its portfolio.

Among 12 analysts covering Allegion PLC (NYSE:ALLE), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Allegion PLC had 28 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Thursday, July 20. As per Monday, September 25, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating given on Friday, June 10 by Goldman Sachs. The stock of Allegion plc (NYSE:ALLE) has “Hold” rating given on Friday, January 12 by Susquehanna. The company was upgraded on Tuesday, January 19 by Bernstein. The rating was initiated by Bank of America on Wednesday, November 18 with “Buy”. The rating was upgraded by CLSA to “Buy” on Friday, February 12. The stock of Allegion plc (NYSE:ALLE) has “Buy” rating given on Monday, May 1 by Credit Suisse. The company was downgraded on Tuesday, August 2 by Imperial Capital. The stock of Allegion plc (NYSE:ALLE) earned “Buy” rating by Berenberg on Thursday, October 6.

Analysts await Allegion plc (NYSE:ALLE) to report earnings on February, 8. They expect $0.94 EPS, up 16.05% or $0.13 from last year’s $0.81 per share. ALLE’s profit will be $89.34 million for 22.82 P/E if the $0.94 EPS becomes a reality. After $1.02 actual EPS reported by Allegion plc for the previous quarter, Wall Street now forecasts -7.84% negative EPS growth.

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