In a report released today, Julian Mitchell from Barclays maintained a Hold rating on Allegion (ALLE – Research Report), with a price target of $122.00. The company’s shares closed yesterday at $132.32.
Mitchell covers the Industrials sector, focusing on stocks such as 3M, Ingersoll Rand, and Carrier Global. According to TipRanks, Mitchell has an average return of 16.5% and a 66.87% success rate on recommended stocks.
Currently, the analyst consensus on Allegion is a Hold with an average price target of $134.14, representing a 1.38% upside. In a report released on March 24, Wells Fargo also maintained a Hold rating on the stock with a $140.00 price target.
ALLE market cap is currently $11.59B and has a P/E ratio of 21.62.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALLE in relation to earlier this year. Most recently, in February 2024, Robert C. Martens, the SVP Chief Innovation & Design of ALLE sold 5,391.00 shares for a total of $716,140.44.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Allegion (ALLE) Company Description:
Allegion Plc provides security products and solutions that keep people safe, secure and productiv. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific. The Americas segment sells a range of products and solutions such locks, locksets, portable locks, key systems, door closers, exit devices, doors and door systems, electronic products, and access control and time and attendance systems. The EMEIA segment offers the same portfolio of products as the Americas segment as well as time and attendance and workforce productivity solutions. The Asia Pacific segment also provides the same product portfolio in addition to video analytics solutions. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.
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