Allegion plc (ALLE) can make a big difference with a little luck

With 0.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.78 million shares. The 52-week range on ALLE shows that it touched its highest point at $128.43 and its lowest point at $95.94 during that stretch. It currently has a 1-year price target of $126.64. With its current market cap of 11.46 billion, ALLE has annualized dividend of $1.80 while the current yield stands at 1.38%. Beta for the stock currently stands at 1.15.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALLE was up-trending over the past week, with a rise of 2.59%, but this was up by 5.22% over a month. Three-month performance surged to 28.71% while six-month performance rose 17.68%. The stock gained 8.53% in the past year, while it has gained 3.02% so far this year. A look at the trailing 12-month EPS for ALLE yields 6.31 with Next year EPS estimates of 7.00. For the next quarter, that number is 1.59. This implies an EPS growth rate of 20.44% for this year and 2.18% for next year. EPS is expected to grow by 9.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.57%.


Float and Shares Shorts:

At present, 87.85 million ALLE shares are outstanding with a float of 87.28 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.62 million, which was 2.99% higher than short shares on Dec 14, 2023. In addition to Mr. John H. Stone as the firm’s President, CEO & Director, Mr. Michael J. Wagnes serves as its Senior VP & CFO.

Institutional Ownership:

Through their ownership of 99.17% of ALLE’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALLE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALLE analysts setting a high price target of $152.00 and a low target of $95.00, the average target price over the next 12 months is $126.64. Based on these targets, ALLE could surge 16.46% to reach the target high and fall by -27.21% to reach the target low. Reaching the average price target will result in a decline of -2.97% from current levels.

Summary of Insider Activity:

Insiders traded ALLE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 45 over the past year. The total number of shares bought during that period was 58,357 while 8,986 shares were sold.