Allegion (ALLE) Stock Price, News & Analysis

Company Overview

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. It also provides services and software, which includes inspection, maintenance, and repair services for its automatic entrance solutions; and software as a service, including access control, IoT integration, and workforce management solutions, as well as aftermarket services, design and installation offerings, and locksmith services. The company sells its products and solutions to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, retail, commercial office, and single and multi-family residential markets under the CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin brands. It sells its products and solutions through distribution and retail channels, such as specialty distribution, e-commerce, and wholesalers, as well as through various retail channels comprising do-it-yourself home improvement centers, online and e-commerce platforms, and small specialty showroom outlets. Allegion plc was incorporated in 2013 and is headquartered in Dublin, Ireland.

Key Stats

• Today's Range: $140.97 to $142.59
• 50-Day Range: $138.13 to $153.36
• 52-Week Range: $103.19 to $156.10
• Volume: 639,113 shs
• Average Volume: 722,590 shs
• Market Capitalization: $12.29 billion
• P/E Ratio: 21.72
• Dividend Yield: 1.36%
• Price Target: $144.60
• Consensus Rating: Reduce

Allegion Stock Analysis - MarketRank™

Allegion scored higher than 88% of companies evaluated by MarketBeat, and ranked 31st out of 179 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Allegion has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on no buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Allegion has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.56%

Earnings Growth

Earnings for Allegion are expected to grow by 2.56% in the coming year, from $7.41 to $7.60 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Allegion is 21.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allegion is 21.72, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 23.19.

Price to Earnings Growth Ratio

Allegion has a PEG Ratio of 3.30. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Allegion has a P/B Ratio of 7.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.98% of the float of Allegion has been sold short.

Short Interest Ratio / Days to Cover

Allegion has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allegion has recently decreased by 14.85%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Allegion pays a meaningful dividend of 1.38%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Allegion does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Allegion is 29.49%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Allegion will have a dividend payout ratio of 25.26% next year. This indicates that Allegion will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 4.1 / 5
• Environmental Score: -0.76

Percentage of Shares Shorted

1.98% of the float of Allegion has been sold short.

Short Interest Ratio / Days to Cover

Allegion has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allegion has recently decreased by 14.85%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.26

News Sentiment

Allegion has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Allegion this week, compared to 8 articles on an average week.

Search Interest

Only 3 people have searched for ALLE on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

7 people have added Allegion to their MarketBeat watchlist in the last 30 days. This is an increase of 17% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Allegion insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,164,432.00 in company stock.

Percentage Held by Insiders

Only 0.33% of the stock of Allegion is held by insiders.

Percentage Held by Institutions

92.21% of the stock of Allegion is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALLE Stock Analysis - Frequently Asked Questions

How have ALLE shares performed this year?

Allegion's stock was trading at $126.69 on January 1st, 2024. Since then, ALLE shares have increased by 11.6% and is now trading at $141.39.
View the best growth stocks for 2024 here.

How were Allegion's earnings last quarter?

Allegion plc (NYSE:ALLE) announced its quarterly earnings results on Thursday, October, 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.18. Allegion's revenue was up 5.4% compared to the same quarter last year.
Read the conference call transcript.

Does Allegion have any subsidiaries?

The following companies are subsidiaries of Allegion: Yonomi, Isonas, Ad Systems Inc, Aurora Systems Inc., Hammond Enterprises Inc, Technical Glass Products, Qatar Metal Industries, and more.

Who are Allegion's major shareholders?

Allegion's top institutional shareholders include State Street Corp (4.65%), Van ECK Associates Corp (3.64%), Geode Capital Management LLC (2.43%) and Massachusetts Financial Services Co. MA (2.19%). Insiders that own company stock include John H Stone, Timothy P Eckersley, Jeffrey N Braun, Tracy L Kemp, Robert C Martens and Jennifer L Hawes.
View institutional ownership trends.

How do I buy shares of Allegion?

Shares of ALLE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Allegion own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Allegion investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Tesla (TSLA) and Visa (V).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/20/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/24/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Detective & armored car services
• Sub-Industry: Business Services
• Current Symbol: NYSE:ALLE
• CUSIP: N/A
• CIK: 1579241
• Web: www.allegion.com
• Phone: (531) 254-6200
• Fax: N/A
• Employees: 12,400
• Year Founded: 2013

Price Target and Rating

• Average Stock Price Target: $144.60
• High Stock Price Target: $152.00
• Low Stock Price Target: $132.00
• Potential Upside/Downside: +2.3%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.51
• Trailing P/E Ratio: 21.72
• Forward P/E Ratio: 19.08
• P/E Growth: 3.3
• Net Income: $540.40 million
• Net Margins: 15.36%
• Pretax Margin: 18.08%
• Return on Equity: 45.64%
• Return on Assets: 14.09%

Debt

• Debt-to-Equity Ratio: 1.26
• Current Ratio: 1.71
• Quick Ratio: 1.29

Sales & Book Value

• Annual Sales: $3.72 billion
• Price / Sales: 3.30
• Cash Flow: $8.56 per share
• Price / Cash Flow: 16.52
• Book Value: $18.07 per share
• Price / Book: 7.82

Miscellaneous

• Outstanding Shares: 86,929,000
• Free Float: 86,642,000
• Market Cap: $12.29 billion
• Optionable: Optionable
• Beta: 1.11