Allegion plc (ALLE) Monthly Stock Report
Publication Date: September 22, 2024
Company Overview
Allegion plc (NYSE: ALLE) is a prominent player in the Security & Protection Services industry, headquartered in Dublin, Ireland. Established in 1908 and incorporated in December 2013, Allegion specializes in a diverse portfolio of mechanical and electronic security products. These include door controls, locks, electronic security systems, and workforce productivity solutions, along with inspection, maintenance, and repair services for automatic entrance solutions. The company’s software offerings, such as access control and IoT integration, cater to various sectors, including education, healthcare, government, hospitality, and residential facilities, under well-established brands such as Schlage and Von Duprin.
Financial Performance & Market Sentiment
Allegion plc has demonstrated robust financial performance, generating approximately $3.67 billion in total revenue. The company maintains 87,128,096 shares outstanding, with approximately 2,720,587 shares shorted, reflecting a short interest of about 4.09%. This indicates a generally positive market sentiment surrounding Allegion, despite some bearish activity from short sellers. The current stock price is $140.40, falling within its 52-week range of $95.94 to $146.41. Analysts have set a target high price of $152.00, signaling potential upside under favorable market conditions, while the mean target price is slightly lower at $136.71. The recommendation rating stands at “hold,” suggesting investors maintain their positions rather than pursuing aggressive buying or selling strategies.
Technical Analysis & Investor Insights
Allegion shares have shown solid performance, with the current price positioned above the fifty-day moving average of $133.58. This upward trend reflects investor confidence and suggests potential momentum heading into the coming months. Analysts note that the stock’s volatility is significant, with a target low set at $110.00. The consensus among the ten analysts surveyed yields a mean recommendation score of 2.8, reinforcing the “hold” position. As Allegion navigates the evolving landscape of the security industry, investors should consider these insights when evaluating their investment strategies.
As a respected leader in the security sector, Allegion’s financial stability and ongoing innovation position it well for continued growth, making it a key stock to watch in the coming months.
| Metric | Value |
|---|---|
| Market Cap | $12.2b |
| Total Debt | $2.6b |
| Total Cash | $747.5m |
| Shares Outstanding | 87.1m |
| Float Shares | 86.6m |
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