Professional
Added to YB: 2025-01-31
Pitch date: 2024-12-31
ALLE [bullish]
Allegion plc
+23.65%
current return
Author Info
No bio for this author
Company Info
Allegion plc engages in the provision of security products and solutions worldwide. The company offers door controls, door control system, and exit devices; doors, glass and door systems, and accessories; electronic security products and access control systems, including time, attendance, and workforce productivity; and locks, locksets, portable locks, and key systems.
Market Cap
$11.7B
Pitch Price
$130.07
Price Target
N/A
Dividend
1.49%
EV/EBITDA
13.55
P/E
19.16
EV/Sales
3.51
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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