AllegionALLE
ALLE
About: Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2023, Allegion generated 75% of sales in the United States. The company primarily competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.
Employees: 12,400
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1,808% more call options, than puts
Call options by funds: $25.3M | Put options by funds: $1.33M
150% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 5 (+3) [Q3]
39% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 61
17% more capital invested
Capital invested by funds: $9.83B [Q2] → $11.5B (+$1.64B) [Q3]
11% more repeat investments, than reductions
Existing positions increased: 209 | Existing positions reduced: 189
4% more funds holding
Funds holding: 574 [Q2] → 598 (+24) [Q3]
4.43% less ownership
Funds ownership: 95.64% [Q2] → 91.21% (-4.43%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$135
4%
downside
Avg. target
$145
3%
upside
High target
$152
8%
upside
5 analyst ratings
0 positive
0%
3 neutral
60%
2 negative
40%
Barclays Julian Mitchell 76% 1-year accuracy 56 / 74 met price target | 3%downside $137 | Underweight Maintained | 28 Oct 2024 |
Baird Timothy Wojs 81% 1-year accuracy 30 / 37 met price target | 8%upside $152 | Neutral Maintained | 25 Oct 2024 |
Mizuho Brett Linzey 96% 1-year accuracy 27 / 28 met price target | 6%upside $150 | Neutral Maintained | 17 Oct 2024 |
Wells Fargo Joseph O'Dea 78% 1-year accuracy 18 / 23 met price target | 8%upside $152 | Equal-Weight Maintained | 7 Oct 2024 |
Barclays Julian Mitchell 76% 1-year accuracy 56 / 74 met price target | 4%downside $135 | Underweight Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 7 articles about ALLE published over the past 30 days
Neutral
Business Wire
15 hours ago
Allegion Appoints Gregg Sengstack to Board of Directors
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has appointed Gregg Sengstack, executive chairperson of Franklin Electric Company, Inc., to the Allegion Board of Directors (Board). With Sengstack's appointment, Allegion has a nine-member board, including eight independent directors. Sengstack will sit on the Board's Audit and Finance Committee, Compensation and Human Capital Committee as well as its Corporate Governance and Nominati.
Positive
Zacks Investment Research
1 day ago
4 Stocks to Gain From the Thriving Security and Safety Industry
Growing awareness for safety and security among people favors the Zacks Security and Safety Services industry's near-term prospects. ALLE, MSA, ADT and ALRM are some notable stocks in the industry.
Positive
Zacks Investment Research
1 week ago
ALLE vs. AXON: Which Stock Is the Better Value Option?
Investors interested in stocks from the Security and Safety Services sector have probably already heard of Allegion (ALLE) and Axon Enterprise (AXON). But which of these two stocks is more attractive to value investors?
Neutral
Business Wire
2 weeks ago
Allegion Ventures Leads Series A Funding Round for Serenity
CARMEL, Ind.--(BUSINESS WIRE)--Allegion Ventures – the corporate venture fund of Allegion plc – has expanded its strategic portfolio as the lead investor in a Series A funding round for Serenity, a leader in innovative, AI-powered environmental, health and safety (EHS) software solutions. Serenity offers cloud-based and AI-powered tools that drive safety, compliance and operational efficiency for businesses across the globe – ultimately helping protect employee wellbeing while also providing pe.
Neutral
Business Wire
3 weeks ago
Jeff Braun Reappointed as Allegion General Counsel
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE) a leading global security products and solutions provider, has reappointed Jeff Braun as senior vice president, general counsel and corporate secretary. This role was most recently held by Stacy Cozad, who has left the company. Braun previously served as general counsel at Allegion for more than 10 years. His experience additionally spans work at Ingersoll Rand, General Motors and a private law firm. Braun earned his juris doctor degree magna c.
Positive
Zacks Investment Research
3 weeks ago
ALLE or AXON: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Security and Safety Services sector might want to consider either Allegion (ALLE) or Axon Enterprise (AXON). But which of these two companies is the best option for those looking for undervalued stocks?
Positive
The Motley Fool
4 weeks ago
3 No-Brainer Long-Term Growth Stocks to Buy Right Now
A water technology company, a security products company, and a copper miner are three great stocks with big futures.
Positive
Zacks Investment Research
1 month ago
Why Allegion (ALLE) is a Top Value Stock for the Long-Term
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Neutral
Business Wire
1 month ago
Allegion to Attend 2024 Baird Global Industrial Conference
DUBLIN--(BUSINESS WIRE)--Allegion plc (NYSE: ALLE) President and CEO John H. Stone as well as Senior Vice President and Chief Financial Officer Mike Wagnes will discuss the company's long-term strategy at the 2024 Baird Global Industrial Conference on Wednesday, Nov. 13. The conference will be held at The Ritz-Carlton Chicago. A live listen-only webcast will be accessible via Allegion's investor website at investor.allegion.com or directly by clicking here. About Allegion Allegion (NYSE: ALLE).
Positive
Zacks Investment Research
1 month ago
Allegion's Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
ALLE's Q3 revenues increase 5.4% year over year driven by price realization and volume growth.
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