Professional
Added to YB: 2024-06-27
Pitch date: 2024-06-21
ALLE [bullish]
Allegion plc
+23.53%
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
N/A
Pitch Price
$113.80
Price Target
148.00 (+5%)
Dividend
1.64%
EV/EBITDA
12.39
P/E
18.30
EV/Sales
N/A
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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