Clifford Swan Investment Counsel LLC Sells 11,002 Shares of Allison Transmission Holdings, Inc. $ALSN

Clifford Swan Investment Counsel LLC trimmed its position in Allison Transmission Holdings, Inc. (NYSE:ALSN) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 345,942 shares of the auto parts company’s stock after selling 11,002 shares during the period. Clifford Swan Investment Counsel LLC owned approximately 0.42% of Allison Transmission worth $29,364,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. M&T Bank Corp raised its position in Allison Transmission by 3.8% in the 2nd quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after buying an additional 138 shares during the last quarter. Westover Capital Advisors LLC grew its stake in shares of Allison Transmission by 3.0% during the 2nd quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock worth $491,000 after acquiring an additional 150 shares in the last quarter. Rossby Financial LCC raised its holdings in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 153 shares during the last quarter. Johnson Investment Counsel Inc. raised its holdings in shares of Allison Transmission by 0.6% in the third quarter. Johnson Investment Counsel Inc. now owns 28,415 shares of the auto parts company’s stock valued at $2,412,000 after purchasing an additional 156 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Allison Transmission by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after purchasing an additional 165 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Citigroup increased their price objective on shares of Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday. Oppenheimer lifted their target price on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.11.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the sale, the senior vice president owned 10,021 shares in the company, valued at approximately $989,974.59. This represents a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Allison Transmission Trading Up 1.8%

Shares of NYSE:ALSN opened at $124.94 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $125.66. The company has a debt-to-equity ratio of 1.55, a quick ratio of 3.06 and a current ratio of 4.85. The company has a market capitalization of $10.35 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.81 and a beta of 0.97. The company has a 50-day simple moving average of $109.36 and a 200 day simple moving average of $94.63.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.29 per share. The ex-dividend date is Monday, March 9th. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio is presently 13.24%.

Allison Transmission Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.