Allegion plc (NYSE: ALLE) is 2.66% higher on its value in year-to-date trading and has touched a low of $95.94 and a high of $136.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALLE stock was last observed hovering at around $132.76 in the last trading session, with the day’s loss setting it -2.7%.
Currently trading at $130.06, the stock is -0.10% and 2.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing -2.03% at the moment leaves the stock 13.55% off its SMA200. ALLE registered 20.85% gain for a year compared to 6-month gain of 23.21%. The firm has a 50-day simple moving average (SMA 50) of $3.54 and a 200-day simple moving average (SMA200) of $15.74.
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The stock witnessed a 0.36% loss in the last 1 month and extending the period to 3 months gives it a 18.51%, and is -1.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.35% over the week and 2.42% over the month.
Allegion plc (ALLE) has around 12400 employees, a market worth around $11.39B and $3.65B in sales. Current P/E ratio is 21.24 and Fwd P/E is 17.45. Profit margin for the company is 14.80%. Distance from 52-week low is 35.56% and -5.00% from its 52-week high. The company has generated returns on investments over the last 12 months (17.79%).
Allegion plc quarterly earnings per share for the current quarter are estimated at $1.44 with sales reaching $893.04M over the same period.The EPS is expected to grow by 1.42% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.
854 institutions hold shares in Allegion plc (ALLE), with institutional investors hold 101.20% of the company’s shares. The shares outstanding are 87.50M, and float is at 87.00M with Short Float at 2.25%. Institutions hold 100.79% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 10.62 million shares valued at $1.27 billion. The investor’s holdings represent 12.09% of the ALLE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 8.72 million shares valued at $1.05 billion to account for 9.93% of the shares outstanding. The other top investors are Apg Asset Management N.V. which holds 5.44 million shares representing 6.19% and valued at over $652.46 million, while Boston Partners holds 5.45% of the shares totaling 4.79 million with a market value of $574.68 million.
Allegion plc (ALLE) Insider Activity
The most recent transaction is an insider sale by Eckersley Timothy P, the company’s Sr. VP-Allegion International. SEC filings show that Eckersley Timothy P sold 2,291 shares of the company’s common stock on Mar 12 ’24 at a price of $132.75 per share for a total of $0.3 million. Following the sale, the insider now owns 33276.0 shares.
Allegion plc disclosed in a document filed with the SEC on Mar 11 ’24 that Eckersley Timothy P (Sr. VP-Allegion International) sold a total of 5,089 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $130.63 per share for $0.66 million. Following the transaction, the insider now directly holds 0.0 shares of the ALLE stock.
Still, SEC filings show that on Mar 11 ’24, Eckersley Timothy P (Sr. VP-Allegion International) disposed off 5,047 shares at an average price of $129.99 for $0.66 million. The insider now directly holds 35,567 shares of Allegion plc (ALLE).
