#1 - Allegion (NYSE:ALLE)
Allegion plc (NYSE: ALLE) is a pure-play provider of security and access solutions. The company’s broad product portfolio includes strong brands with leading market positions and a broad, loyal customer base.
Allegion also stands out for its balance sheet. For the full year 2024, Allegion expected its available cash flow to come in between $540 million and $570 million dollars. That’s a year-over-year increase of 7.4% at the midpoint of that guidance.
And the company continues to increase its capital expenditures meaning that the gains to its available cash flow is not coming at the expense of growth. As evidence of that, Allegion acquired Next Door, the manufacturer of stainless steel and hollow metal doors.
The dividend yield of 1.47% is close to the sector average for industrial stocks. However, the increase to its dividend in 2025 marked the 11th consecutive year of increases. And the company has been increasing its dividend by an average of over 10% in the last three years with a dividend payout ratio of 29.49% that provides an ample cushion for future dividend growth.
About Allegion
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.
More- Current Price
- $131.33
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $140.83 (7.2% Upside)
