ALLE Stock Summary and Trading Ideas (Allegion PLC | NYSE:ALLE)

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 2022, Allegion generated 73% of sales in the United States. The company mainly competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.

Allegion PLC trades on the NYSE stock market under the symbol ALLE.

As of March 27, 2023, ALLE stock price climbed to $102.12 with 164,299 million shares trading.

ALLE has a beta of 1.01, meaning it tends to be more sensitive to market movements. ALLE has a correlation of 0.46 to the broad based SPY ETF.

ALLE has a market cap of $8.97 billion. This is considered a Mid Cap stock.

Last quarter Allegion PLC reported $862 million in Revenue and $1.60 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.22.

In the last 3 years, ALLE stock traded as high as $148.70 and as low as $82.20.

The top ETF exchange traded funds that ALLE belongs to (by Net Assets): VTI, VB, VOO, VBR, SPY.

ALLE has outperformed the market in the last year with a return of -7.8%, while the SPY ETF lost -10.5%. However, in the most recent history, ALLE shares have underperformed the stock market with its stock returning -2.3% in the last 3 month period and -4.6% for the last 2 week period, while SPY has returned +4.0% and +3.2%, respectively.

ALLE support price is $98.62 and resistance is $102.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALLE stock will trade within this expected range on the day.