Allegion plc (NYSE: ALLE) is 20.36% higher on its value in year-to-date trading and has touched a low of $95.94 and a high of $151.98 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 $150.93 in the last trading session, with the day’s gains setting it 1.55%.
Currently trading at $152.48, the stock is 4.51% and 8.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 1.03% at the moment leaves the stock 18.04% off its SMA200. ALLE registered 44.41% gain for a year compared to 6-month gain of 22.14%. The firm has a 50-day simple moving average (SMA 50) of $139.9154 and a 200-day simple moving average (SMA200) of $129.1736.
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The stock witnessed a 6.32% loss in the last 1 month and extending the period to 3 months gives it a 22.87%, and is 5.42% up 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 1.94% over the week and 1.70% over the month.
Allegion plc (ALLE) has around 12400 employees, a market worth around $13.29B and $3.67B in sales. Current P/E ratio is 24.23 and Fwd P/E is 19.69. Profit margin for the company is 15.08%. Distance from 52-week low is 58.93% and 0.33% from its 52-week high. The company has generated returns on investments over the last 12 months (15.69%).
The EPS is expected to grow by 4.12% this year
880.0 institutions hold shares in Allegion plc (ALLE), with institutional investors hold 98.50% of the company’s shares. The shares outstanding are 87.50M, and float is at 86.86M with Short Float at 2.65%. Institutions hold 98.32% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.55 million shares valued at $1.25 billion. The investor’s holdings represent 12.0413 of the ALLE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.42 million shares valued at $1.11 billion to account for 10.7522 of the shares outstanding. The other top investors are APG ASSET MANAGEMENT N.V. which holds 5.72 million shares representing 6.5281 and valued at over $630.42 million, while BOSTON PARTNERS holds 4.7966 of the shares totaling 4.2 million with a market value of $496.79 million.
Allegion plc (ALLE) Insider Activity
Allegion plc disclosed in a document filed with the SEC on Jul 26 ’24 that Stone John H (President and CEO) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Jul 26 ’24 and was made at $134.99 per share for $0.67 million. Following the transaction, the insider now directly holds 0.12 million shares of the ALLE stock.
Still, SEC filings show that on Jul 26 ’24, MIZELL STEVEN (Director) acquired 1,000 shares at an average price of $136.53 for $0.14 million. The insider now directly holds 5,545 shares of Allegion plc (ALLE).
