Is Allegion plc (NYSE: ALLE) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Schlage Announces Airbnb Platform Integration.

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Stocks Info

ALLE belongs to the Industrials sector of the NYSE while operating in the Security & Protection Services industry. The current market capitalization of Allegion plc is $11.84B. A total of 0.67 million shares were traded on the day, compared to an average of 834.20K shares.

In the most recent transaction, Eckersley Timothy P sold 2,291 shares of ALLE for 132.75 per share on Mar 12 ’24. After the transaction, the Sr. VP-Allegion International now owns 33,276 company shares. In a previous transaction on Mar 11 ’24, Eckersley Timothy P sold 5,089 shares at 130.63 per share. ALLE shares that Sr. VP-Allegion International owns now total 0.

Among the insiders who sold shares, Eckersley Timothy P disposed of 5,047 shares on Mar 11 ’24 at a per-share price of $129.99. This resulted in the Sr. VP-Allegion International holding 35,567 shares of ALLE after the transaction. In another insider transaction, Stone John H bought 10,000 shares at $132.41 per share on Feb 22 ’24. Company shares held by the President and CEO now total 104,248.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Allegion plc pays an annual dividend of $1.83, resulting in a dividend yield of 1.35%, and it has a price to earnings (P/E) ratio of 22.10. ALLE’s most recent ex-dividend date was 3/14/2024 when it declared a $0.48 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/15/2023. The ALLE stock dividend was $0.45 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ALLE has a high of $136.91 and a low of $95.94.

As of this writing, ALLE has an earnings estimate of $1.46 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.6 per share and a lower estimate of $1.39. The company reported an EPS of $1.94 in the last quarter, which was 12.10% higher than expectations of $1.73.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ALLE’s latest balance sheet shows that the firm has $397.90M in Cash & Short Term Investments as of fiscal 2021. There were $1.44B in debt and $601.20M in liabilities at the time. Its Book Value Per Share was $15.07, while its Total Shareholder’s Equity was $762.40M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALLE is Buy with a score of 3.11.

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