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 2023, Allegion generated 75% of sales in the United States. The company primarily competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.

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

As of April 24, 2024, ALLE stock price declined to $126.54 with 813,433 million shares trading.

ALLE has a beta of 1.20, meaning it tends to be more sensitive to market movements. ALLE has a correlation of 0.36 to the broad based SPY ETF.

ALLE has a market cap of $11.06 billion. This is considered a Large Cap stock.

Last quarter Allegion PLC reported $897 million in Revenue and $1.68 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.09.

In the last 3 years, ALLE stock traded as high as $148.70 and as low as $87.33.

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

ALLE has outperformed the market in the last year with a return of +24.6%, while the SPY ETF gained +24.2%. However, in the most recent history, ALLE shares have underperformed the stock market with its stock returning +2.2% in the last 3 month period and -5.5% for the last 2 week period, while SPY has returned +4.6% and -2.7%, respectively.

ALLE support price is $125.39 and resistance is $128.55 (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.