Professional
Added to YB: 2024-06-27
Pitch date: 2024-06-21
ALLE [bullish]
Allegion plc
+39.8%
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
$115.05
Price Target
148.00 (-8%)
Dividend
1.49%
EV/EBITDA
13.55
P/E
19.16
EV/Sales
3.51
Sector
Building Products
Category
growth
Allegion plc: Wide-Moat Allegion Boasts Industry-Leading Margins
ALLE: Wide-moat security leader w/ industry-leading margins. Americas seg (80% sales, 90% profit) driving mid-high single-digit organic growth. Int'l improving. FVE $148 (21x '24 EPS). Risks: WFH impact, int'l scale, tech disruption. Strong FCF, balanced capital alloc. New CEO Stone from Deere to drive seamless access strategy.
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