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Stay informed on ALLE stock with the most important news summaries, insider trading, valuation highlights and analyst recommendations

ALLE stock news: A summarized overview for you, just the bottom line of the most recent news items!

Last Updated: May 08, 2024

Allegion Beats Q1 Earnings Expectations, Revenue Dips
- Despite the drag of currency volatility, Allegion (ALLE) sails past Q1 expectations with earnings shining brighter than anticipated. A tight squeeze, but they've shown resilience is part of their DNA.
- Revenue took a slight dip, sliding down 3.4% to $611.7 million. Yet, it's not all doom and gloom; the storyline is more about weathering the forex storm than a sinking ship.
- Turning the narrative on its head, Allegion posted a per-share profit party, clocking in at $1.01 versus the guessed $0.93. That's not just a beat; it's a drum roll-worthy 12.6% year-over-year jump. Talk about making more with less!
Full Details of Allegion's Q1 Earnings Call
- Woah, Allegion isn't just knocking on doors; they're busting them down with a stellar 13.6% revenue climb to $883 million! Talk about making more than a few bucks, they've soared past analysts' expectations, showing that their products are not just hot but sizzling across the board.
- The secret sauce? A hefty appetite for Allegion’s smorgasbord of products - from access control, door hardware to architectural wonders, signaling not just growth but a full-blown expansion. They're not just playing the field; they're leading the championship, diversifying their playbook and roping in a wider audience.
- And here's the kicker: adjusted EPS skyrocketing to $0.82, a beefy 34% jump. This isn't just good; it's phenomenal, showcasing some serious financial wizardry and operational ninja moves. Investors, if Allegion was flying under your radar, it's time to tune in!
Goldman Sachs Bumps Allegion Price Target to $142
- 🚀 Goldman Sachs just kicked their confidence up a notch for Allegion, nudging their price target from $132 to a striking $142. That's a tidy 7.6% leap from where it's chilling at now. Translation: They're seeing some sunny skies ahead for these security maestros.
- Goldman's glowing endorsement doesn't just come out of thin air. They're betting big on Allegion's playbook, expecting the tech wizards to keep on dazzling in the market arena. For the folks at Goldman, it's not just a hunch; it's anticipation of a winning streak.
- Heads up, traders and investors! When Goldman Sachs whispers, the market listens. This splash of optimism could send ripples through the trading floor, potentially propelling Allegion's stock to new heights. Keep your eyes peeled and your portfolios ready; this could be the move you've been waiting for.

Real-time price chart of ALLE stock

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ALLE stock valuation - less noise, just the highlights

The company’s projected EPS growth for the next 5 years stands at 6.60%, outstripping its performance over the past 5 years (5.98%). This steady upward trajectory in earnings per share (EPS) growth signifies increasing profitability and operational efficiency, offering a promising outlook for ALLE valuation. It suggests not only that Allegion is on a path of growth and expansion but also that it is becoming increasingly adept at capitalizing on market opportunities, thereby enhancing shareholder value.
ALLE's forward P/E ratio of 16.28 signals an appealing investment opportunity, suggesting that the stock is reasonably valued based on the company's earnings forecasts. This lower forward P/E ratio compared to its current P/E of 20.29 indicates expected growth in earnings, which can be a potent attractor for both short-term traders and long-term investors looking for stocks that are potentially undervalued and poised for future growth.
At a market capitalization of $10.87 billion, Allegion (ALLE) represents a substantial player in its industry, offering investors and traders a solid foundation for valuation analysis. This market cap points to a large, well-established company with a proven track record, indicating potential stability and resilience in its market sector. The size of ALLE supports its ability to weather economic downturns better than smaller companies, making it a potentially safer investment in volatile markets.

Stay informed with the latest ALLE stock analyst recommendations:

Consolidated View: Amid a mix of upgrades and downgrades, the prevailing sentiment from the recent analyst actions suggests a more conservative stance on ALLE stock, albeit with subtle positive price target adjustments (e.g., Mizuho's downgrade from Buy to Neutral came with a price target change from $140 to $141). This mixed sentiment highlights a nuanced view on Allegion's market position and future growth prospects, which can be an essential consideration for investors trying to navigate the 'ALLE analyst recommendation' landscape.
Positive Price Trends: Despite several downgrades, the trend in price targets over the recent period shows pockets of optimism. Notably, even when downgrades occur, some analysts have adjusted their price targets upwards (e.g., Wells Fargo's downgrade came with a price target increase from $139 to $140). This implies that while analysts are adjusting their expectations for Allegion's stock rating, they acknowledge potential value growth, making these details valuable for those following 'Allegion analyst recommendation'.
Sector Perspective: The analyst attention, ranging from upgrades to downgrades and the initiation of coverage, underlines Allegion's (ALLE) relevance in the market and its sector. The variety in analyst recommendations and price target changes suggests that Allegion is a company in transition or experiencing market-related headwinds, which can be a point of interest for traders and investors who depend on detailed 'Allegion analyst recommendation' insights for their decision-making. Understanding the broader context beyond the immediate downgrades could offer a strategic edge in investment or trading strategy.

Stay updated on ALLE stock insider trading with these key points:

The consistent insider sales at increasing prices, highlighted by Eckersley's sales from December '23 through March '24 at progressively higher transaction values, indicate a steady confidence in the company's stock value trajectory. This pattern of insiders selling at higher prices can suggest a healthy market performance expectation for Allegion's stock, serving as a nuanced indicator for traders to closely watch the stock's price trend for potential sell signals when such trends reverse.
Timothy P. Eckersley's recent mixed activity involving sales and exercising options in March '24, with significant transactions exceeding $300,000, reflects normal profit-taking and portfolio management. While insider sales can sometimes raise red flags, the context, such as exercising options followed by sales, is critical. It is a common practice for insiders to liquidate options for liquidity while possibly still retaining a positive outlook on the company.
Recent buying activity by John H. Stone, President and CEO, suggests strong internal confidence. His purchase of 10,000 shares at $132.41 on Feb 22, '24, signals a potential bullish sentiment. Insider buys, especially by top executives, often indicate they believe in the company's future growth, providing a positive signal to investors and traders of ALLE stock.

ALLE technical analysis

Unlock insights to make smarter investment decisions with this real-time technical analysis tool. Dive in to see the latest buy and sell signals tailored for today's dynamic market. Get the market's inside scoop in a flash! Peek at our fun and user-friendly ratings to see what it is whispering about your ALLE stock, within various timeframes.

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Please note that this content regarding ALLE stock is for informational purposes only, includes opinions and not recommendations, and is not intended as investment or trading advice; invest in and/or trade ALLE at your own risk only.

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