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 December 13, 2024, ALLE stock price declined to $138.83 with 448,394 million shares trading.

ALLE has a beta of 0.78, meaning it tends to be less sensitive to market movements. ALLE has a correlation of 0.16 to the broad based SPY ETF.

ALLE has a market cap of $12.07 billion. This is considered a Large Cap stock.

Last quarter Allegion PLC reported $967 million in Revenue and $2.16 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.18.

In the last 3 years, ALLE traded as high as $156.10 and as low as $87.33.

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

ALLE has underperformed the market in the last year with a price return of +26.5% while the SPY ETF gained +29.9%. ALLE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.3% and -1.4%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

ALLE support price is $137.83 and resistance is $140.67 (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 shares will trade within this expected range on the day.