It’s Time To Focus On The Long Run With Allegion plc (ALLE) stock

The closing price of Allegion plc (NYSE: ALLE) was 90.63 for the day, down -0.55% from the previous closing price of $91.13. In other words, the price has decreased by $-0.50 from its previous closing price. On the day, 1311549 shares were traded. ALLE reached its highest trading level at $91.51 during the session, while it also had its lowest trading level at $89.87.

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Our analysis of ALLE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.14. For the most recent quarter (mrq), Quick Ratio is recorded 2.20 and its Current Ratio is at 2.90. In the meantime, Its Debt-to-Equity ratio is 2.61 whereas as Long-Term Debt/Eq ratio is at 2.60.

Upgrades & Downgrades

On February 16, 2022, Wells Fargo reiterated its Overweight rating and also upped its target price recommendation from $157 to $147.

Morgan Stanley reiterated its Equal-Weight rating for the stock on February 16, 2022, while the target price for the stock was revised from $146 to $134.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 06 when Martens Robert C. sold 2,150 shares for $112.07 per share. The transaction valued at 240,961 led to the insider holds 5,433 shares of the business.

Eckersley Timothy P sold 2,046 shares of ALLE for $227,751 on Jun 03. The Sr. VP-Allegion International now owns 34,284 shares after completing the transaction at $111.32 per share. On May 09, another insider, Kemp Tracy L, who serves as the SVP-Chief Info. & Digital Ofr. of the company, sold 2,544 shares for $112.55 each. As a result, the insider received 286,327 and left with 10,379 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALLE now has a Market Capitalization of 8.10B and an Enterprise Value of 9.21B. As of this moment, Allegion’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.43, and their Forward P/E ratio for the next fiscal year is 14.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 10.25. Its current Enterprise Value per Revenue stands at 3.15 whereas that against EBITDA is 14.35.

Stock Price History:

The Beta on a monthly basis for ALLE is 1.06, which has changed by -34.01% over the last 52 weeks, in comparison to a change of -15.65% over the same period for the S&P500. Over the past 52 weeks, ALLE has reached a high of $139.55, while it has fallen to a 52-week low of $89.01. The 50-Day Moving Average of the stock is 100.09, while the 200-Day Moving Average is calculated to be 111.09.

Shares Statistics:

ALLE traded an average of 686.52K shares per day over the past three months and 1.07M shares per day over the past ten days. A total of 87.90M shares are outstanding, with a floating share count of 87.41M. Insiders hold about 0.20% of the company’s shares, while institutions hold 97.50% stake in the company. Shares short for ALLE as of Aug 30, 2022 were 1.95M with a Short Ratio of 2.84, compared to 1.84M on Jul 28, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.22% and a Short% of Float of 2.54%.

Dividends & Splits

With its trailing 12-month dividend rate of 1.54, ALLE has a forward annual dividend rate of 1.64. Against a Trailing Annual Dividend Yield of 1.69%, it implies a Forward Annual Dividend Yield of 1.80%. The stock’s 5-year Average Dividend Yield is 1.03.

Earnings Estimates

The firm’s stock currently is rated by 12 analysts. On average, analysts expect EPS of $1.48 for the current quarter, with a high estimate of $1.54 and a low estimate of $1.44, while EPS last year was $1.56. The consensus estimate for the next quarter is $1.46, with high estimates of $1.52 and low estimates of $1.36.

Analysts are recommending an EPS of between $5.44 and $5.35 for the fiscal current year, implying an average EPS of $5.4. EPS for the following year is $6.06, with 13 analysts recommending between $6.4 and $5.3.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $887.45M to a low estimate of $867M. As of the current estimate, Allegion plc’s year-ago sales were $712.74M, an estimated increase of 23.00% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $865.39M, an increase of 22.00% less than the figure of $23.00% in the same quarter last year. There is a high estimate of $892M for the next quarter, whereas the lowest estimate is $840M.

A total of 12 analysts have provided revenue estimates for ALLE’s current fiscal year. The highest revenue estimate was $3.26B, while the lowest revenue estimate was $3.18B, resulting in an average revenue estimate of $3.24B. In the same quarter a year ago, actual revenue was $2.87B, up 12.90% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $3.56B in the next fiscal year. The high estimate is $3.67B and the low estimate is $3.28B. The average revenue growth estimate for next year is up 9.90% from the average revenue estimate for this year.