
NYSE:ALLE
This summary was created by AI, based on 1 opinions in the last 12 months.
Allegion PLC, known by its ticker symbol ALLE-N, emerged as the number one spinoff from Ingersoll-Rand a few years back. The company stands out in the global market as the largest manufacturer of locks and keys, along with electronic office keypads. A significant shift towards electronics is evident as this sector increasingly contributes to its business model. Notably, half of Allegion’s revenues are driven by after-market parts, reinforcing its diverse revenue streams. With a competitive edge, Allegion routinely ranks as either the top or second player in its respective markets. The company is recognized for its strategic acquisitions to fuel growth, although it operates under the radar as an American firm incorporated in Ireland for tax advantages, making it an intriguing investment choice with a reasonable valuation at around 14-15x forward PE and a yield of 1.52%, alongside a bullish analyst price target of $176.67.
Allegion PLC is a American stock, trading under the symbol ALLE (previously ALLE-N on Stockchase) on the New York Stock Exchange (ALLE). It is usually referred to as NYSE:ALLE or ALLE
In the last year, 1 stock analyst issued a Buy, Sell, or Hold rating on ALLE (previously ALLE-N on Stockchase). 1 analyst recommended to BUY and 0 analysts recommended to SELL the stock. The latest stock analyst rating is TOP PICK. Read the latest stock experts' ratings for Allegion PLC.
Allegion PLC was recommended as a Top Pick by Tim Regan on 2026-04-20. Read the latest stock experts ratings for Allegion PLC.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Allegion PLC.
Allegion PLC is covered by Stockchase experts and is worth watching.
On 2026-06-26, Allegion PLC (ALLE) stock closed at a price of $139.71.
Spinoff of Ingersoll-Rand a few years ago. Boring. World's biggest lock-and-key maker, electronic office keypads. Electronics is becoming more and more of its business. Half its revenues come from after-market parts. Global. Usually #1 or #2 in its markets. We use their products every day.
(Analysts’ price target is $176.67)Trades reasonably at ~14-15x forward PE. Lots of tuck-in acquisitions for growth. An American company based in Ireland for tax purposes. Flies under the radar. Yield is 1.52%.