Professional
Added to YB: 2025-01-31
Pitch date: 2024-12-31
ALLE [bullish]
Allegion plc
+1.18%
current return
Author Info
No bio for this author
Company Info
Allegion plc engages in the provision of security products and solutions worldwide. It is operating through two segments: Allegion Americas and Allegion International.
Market Cap
$10.8B
Pitch Price
$129.18
Price Target
N/A
Dividend
1.74%
EV/EBITDA
N/A
P/E
17.23
EV/Sales
3.07
Sector
Building Products
Category
value
FMI Large Cap Equity New Position: Allegion plc
ALLE (new position): Leading global security products provider, strong in US non-residential. Cyclical markets but long-term growth. 50% recurring revenue from repair/replace. Strong brands, manufacturing, expertise. High-single to low-double digit earnings growth potential. Below-market valuation despite quality. 2% position initiated Dec 2024.
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