Allegion plc (NYSE:ALLE) finished Friday with an addition of $0.13 to close at $111.41, an upside of 0.12 percent. An average of 709,620 shares of common stock have been traded in the last five days. There was a fall of -$0.50 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 932,040 shares traded, while the 50-day average volume stands at 825,648.
ALLE stock has decreased by -9.26% in the last month. The company shares reached their 1-month lowest point of $109.93 on 08/10/23. With the stock rallying to its 52-week high on 07/25/23, shares of the company touched a low of $87.33 and a high of $128.36 in 52 weeks. It has reached a new high 18 times so far this year and achieved 5.84% or $6.15 in price. In spite of this, the price is down -13.21% from the 52-week high.
Insider Transactions
ALLE stock investors should be aware that Allegion plc (ALLE) stock had its last reported insider trading activity 12 days ago on Jul 31. In this transaction, the insider spent $88,126. SVP and GC, Braun Jeffrey N, disposed of 2,278 shares at a price of $110.34 on May 03. The insider now owns more than $251,347 worth of shares. Prior to that, SVP, GC and Secretary Braun Jeffrey N went on to Sale 1,354 shares at $113.57 each on Nov 22. An amount of $153,771 was transacted.
Valuation Metrics
Allegion plc (ALLE) has a trailing price-to-earnings (P/E) ratio of 19.07. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.70, the price-to-book (PB) ratio at 8.60, and the price-to-cash flow ratio at 27.91.
The company has a payout ratio of 29.40%. The company’s most recent quarterly dividend payment was $0.45 a share, without any change from last year. Its latest increase dividend $0.04 reported on Thursday February 9 2023.
Financial Health
The quick ratio of Allegion plc for the three months ended June 29 was 1.20, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.80 and a total debt to equity ratio of 1.81 for the quarter ending June 29. Its gross profit as reported stood at $1.32 billion compared to revenue of $3.27 billion.
Earnings Surprise
For the three-month period that ended June 29, Allegion plc had $2.05 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $142.0 million in the quarter, while revenues of $123.5 million were grew 18.94%. The analyst consensus anticipated Allegion plc’s latest quarter earnings to come in at $1.71 per share, but it turned out to be $1.76, a 2.90% surprise. For the quarter, EBITDA amounted to $211.8 million. Shareholders own equity worth $87.78 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Allegion plc (ALLE) price momentum. RSI 9-day as of the close on 11 August was 32.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.36%.
As of today, ALLE’s price is $111.73 -0.45% or -$0.50 from its 5-day moving average. ALLE is currently trading -9.23% lower than its 20-day SMA and +5.29% higher than its 100-day SMA. However, the stock’s current price level is +6.37% above the SMA50 and +18.07% above the SMA200.
The stochastic %K and %D were 5.99% and 6.20%, respectively, and the average true range (ATR) was 2.47. With the 14-day stochastic at 8.03% and the average true range at 2.54, the RSI (14) stands at 37.02%. The stock has reached -1.33 on the 9-day MACD Oscillator while the 14-day reading was at -3.40.
Analyst Ratings
Vertical Research upgraded Allegion plc (NYSE: ALLE) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.
