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Dublin, Ireland-based Allegion plc (ALLE) is a global leader in security products and solutions, catering to both commercial and residential needs. With a market cap of $12.3 billion, the company specializes in locks, access control systems, and door hardware, offering innovative solutions under renowned brands like Schlage and Von Duprin.
Companies worth $10 billion or more are generally described as "large-cap stocks," Allegion fits right into that category, reflecting its significant presence and influence in the security and safety industry, providing cutting-edge products to enhance security worldwide.
ALLE currently trades 8% below its all-time high of $156.10 recorded on Oct. 18, 2024. ALLE's stock has gained 10% over the past three months, outperforming the Nasdaq Composite’s ($NASX) 9.5% uptick during the same time frame.
In the long term, ALLE stock has gained 9.9% on a YTD basis, outperforming the Nasdaq’s 3.1% increase. Moreover, shares of ALLE surged 21.3% over the past 52 weeks, outperforming Nasdaq’s 13.8% returns over the same period.
To confirm its uptrend, ALLE stock has been trading above its 200-day and 50-day moving averages since late April, with slight fluctuations.
ALLE stock surged 10.3% following the release of its better-than-expected Q1 earnings on Apr. 24. The company’s net revenues increased 5.4% year-over-year to $941.9 million, mainly driven by the growth in its Americas segment, and surpassed the Street’s estimates. Its adjusted operating margin increased by 150 basis points to 22.7% and its adjusted operating income also rose 12.7% from the previous year’s quarter to $213.4 million. ALLE’s adjusted net income grew 17.8% from its year-ago value to $161.2 million, and its adjusted EPS increased 20% year-over-year to $1.86, surpassing the consensus estimates by 10.7%.
Its peer, ADT Inc. (ADT), has gained 7.8% over the past year, underperforming the ALLE stock.
Among the 10 analysts covering the ALLE stock, the consensus rating is a “Hold.” As of writing, the stock is trading slightly below its mean price target of $143.78.
