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Stay informed on ALLE stock with the most important news summaries, insider trading, valuation highlights and analyst recommendations

ALLE stock news: A summarized overview for you, just the bottom line of the most recent news items!

Last Updated: November 21, 2024
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  • Jeff Braun Rejoins Allegion as General Counsel
    • Jeff Braun makes a victorious return to Allegion as General Counsel, adding robust legal, tech, and global insight to the team. His prior stint as Deputy General Counsel cements his deep-rooted influence in steering Allegion's legal and compliance prowess.
    • Allegion's strategic move to bolster its legal infrastructure with Braun's expertise hints at a sharpened focus on compliance and global expansion. This could be an ace up their sleeve, potentially boosting investor confidence and paving the way for future growth.
    • With Braun back at the helm, Allegion positions itself as a more resilient player in the security solutions market. Keep an eye on potential ripple effects for stock stability and appealing investment prospects. šŸ“ˆ

Real-time price chart of ALLE stock

Stay up-to-date with the latest performance of Allegion, (ALLE) through our real-time stock chart, providing live insights into its market movements

ALLE stock valuation - less noise, just the highlights

  • One major point of interest for investors looking at 'ALLE valuation' is its reasonable Forward P/E ratio of 17.89. This indicates that Allegion is priced attractively relative to its expected future earnings growth, providing an appealing entry point for those seeking growth potential.
  • The 'Allegion valuation' appears compelling when considering the Price to Book (P/B) ratio of 7.71. Although higher than some competitors, this ratio along with a robust historical EPS growth of 5.98% suggests that investors are still valuing the company's strong balance sheet and growth prospects.
  • Another notable aspect of the 'ALLE valuation' is its PEG ratio of 2.57. This suggests that while growth expectations are high, the stock is priced to reflect this future growth efficiently, making it a balanced choice for both value and growth investors.

Stay informed with the latest ALLE stock analyst recommendations:

  • The trend of recent downgrades suggests a cautious market sentiment towards ALLE. Notably, Barclays downgraded Allegion from Equal Weight to Underweight in June 2024 with a target price reduction from $122 to $116. Similarly, multiple analysts have shifted their ratings downwards over the past year, including Mizuho and Wells Fargo, indicating potential concerns about the company's short-term performance or broader market conditions.
  • Despite recent downgrades, ALLE has also seen a range of diverse analyst opinions historically. For instance, until early 2023, several analysts like Vertical Research had upgraded ALLE to 'Buy'. This mixed bag of recommendations suggests that investors should carefully consider the specific reasons behind each analyst's change in perspective and not rely solely on the recommendation trend.
  • Price target changes offer insight into market expectations for Allegion's future performance. For example, Barclays reduced its price target from $130 to $119 in late 2023, and more recently to $116 in mid-2024, which may influence investor decisions on valuing ALLE. Such adjustments in price targets can be critical signals for traders assessing the stock's potential movement in the market.

Stay updated on ALLE stock insider trading with these key points:

  • **Recent Insider Trades Activity & Notable Roles:** The most recent insider trading activity for ALLE stock is by Robert C. Martens, SVP Chief Innovation & Design. On October 25, 2024, Martens exercised options and then sold 8,035 shares at a significant difference between the option exercise price ($121.67) and the sale price ($144.92), indicating a potential profit-taking move. Heavy trading by high-ranking positions such as SVP and CEO can signal confidence or strategy shifts. Martens reduced his holdings to 7,104 shares, which might suggest a lack of confidence or a need for liquidity. Investors should note this selling by high-level executives could signal a potential overvaluation of the stock in the short term, hinting at a possible sell signal if similar activities continue.
  • **CEO and Director Purchases Indicate Confidence:** On July 26, 2024, John H. Stone, President and CEO, and Steven Mizell, Director, bought 5,000 and 1,000 shares, respectively, at prices slightly over $134 per share. Insider purchases by such influential company figures usually signal confidence in the company's future performance and valuation, offering a potential buy signal for investors looking to hold or increase their position in Allegion stock.
  • **Historical Insider Selling Patterns:** Reviewing past insider trading data reveals a pattern where insiders, especially Robert C. Martens and Timothy P. Eckersley, frequently sold shares after exercising options. Significant sales like those on March 11 and 12, 2024, where Eckersley's sales prices averaged over $130, are notable. For traders, such patterns could suggest that insiders might perceive the stock price as peaking post-exercise, providing critical sell signals. Monitoring similar patterns in alignment with market trends can help in making informed trading decisions on ALLE insider trades.

ALLE technical analysis

Unlock insights to make smarter investment decisions with this real-time technical analysis tool. Dive in to see the latest buy and sell signals tailored for today's dynamic market. Get the market's inside scoop in a flash! Peek at our fun and user-friendly ratings to see what it is whispering about your ALLE stock, within various timeframes.

Join the Discussion: What's your outlook on ALLE stock's performance?

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Please note that this content regarding ALLE stock is for informational purposes only, includes opinions and not recommendations, and is not intended as investment or trading advice; invest in and/or trade ALLE at your own risk only.

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