Allegion Plc (NYSE: ALLE) has reported earnings for its third fiscal quarter (ending September 30) of $2.00 versus $1.78 for the same period a year ago — an increase of 12%. For the latest four quarters through September 30, E.P.S. were $6.54 versus $6.34 for the same period a year ago — an increase of 3%.
Recent Price Action
Allegion Plc (NYSE: ALLE) stock closed at $145.27 on 10/24/24 after a decline of -3.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 266% of normal. The stock has declined -3.8% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ALLE is expected to continue to be a major Value Builder.
Allegion has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Allegion has a slightly negative Appreciation Score of 39 but a slightly positive Power Rating of 66, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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