Analysis of Allegion plc (ALLE)’s performance, earnings and valuation

Allegion plc [ALLE] stock is trading at $91.13, up up 0.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALLE shares have lost -4.22% over the last week, with a monthly amount drifted -11.64%, and not seem to be holding up well over a long-time horizon.

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On 1, September 2022, Allegion Declares Quarterly Dividend. In a post published today on Yahoo Finance, Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, today announced that its board of directors declared a quarterly dividend of $0.41 per ordinary share of the company.

From an analyst’s perspective:

Allegion plc [NYSE: ALLE] stock has seen the most recent analyst activity on July 11, 2022, when BofA Securities downgraded its rating to a Underperform but kept the price target unchanged to $110 for it. Previously, Wells Fargo reaffirmed its Overweight rating on February 16, 2022, and dropped its price target to $147. On February 16, 2022, Morgan Stanley reiterated its Equal-Weight rating and revised its price target to $134 on the stock. Mizuho reiterated its Buy rating and decreased its price target to $145 on February 16, 2022. Credit Suisse reiterated its recommendation of a Neutral and reduced its price target to $134 on February 16, 2022. Mizuho started tracking with a Buy rating for this stock on December 17, 2021, and assigned it a price target of $170. In a note dated December 08, 2021, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $163 to $142.

Allegion plc [ALLE] stock has fluctuated between $89.01 and $139.55 over the past year. Currently, Wall Street analysts expect the stock to reach $115.08 within the next 12 months. Allegion plc [NYSE: ALLE] shares were valued at $91.13 at the most recent close of the market. An investor can expect a potential return of 26.28% based on the average price forecast.

Analyzing the ALLE fundamentals

Allegion plc [NYSE:ALLE] reported sales of 773.1 billion for the most recent quarter, which represents a growth of 3.50%. Gross Margin for this corporation currently stands at +42.01% with Operating Margin at +18.81%, Pretax Margin comes in at +18.27%, and Net Margin reading is +16.84%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 90.13 points at the first support level, and at 89.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.14, and for the 2nd resistance point, it is at 95.14.

Allegion plc [ALLE] reported earnings per share of $1.37 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.33/share, meaning a difference of $0.04 and a surprise factor of 3.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.07 per share as compared to estimates of $0.98 per share, a difference of $0.09 representing a surprise of 9.20%.

Ratios To Look Out For

For context, Allegion plc’s Current Ratio is 2.90. In addition, the Quick Ratio stands at 1.23 and the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 4.18, the price to book ratio is 15.39 and the P/E (TTM) ratio is 17.53.

Transactions by insiders

In the past 3 months, 1 insiders have purchased 52,035 shares, and 4 have sold 908 shares. Recent insider trading involved Martens Robert C., SVP Chief Innovation & Design, that happened on Jun 06 when 2150.0 shares were sold. Sr. VP-Allegion International, Eckersley Timothy P completed a deal on Jun 03 to sell 2046.0 shares. Meanwhile, SVP-Chief Info. & Digital Ofr. Kemp Tracy L sold 2544.0 shares on May 09.