Skip to Content

Allegion PLC - Stock Quote ALLE

Rating as of

Morningstar's Allegion PLC Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Allegion Reports Solid Q1 Revenue Growth; We Think Margins Will Improve as 2022 Progresses

Analyst Note

| Brian Bernard, CFA, CPA |

We're maintaining our $132 per share fair value estimate for shares of wide-moat-rated Allegion following the firm's first-quarter 2022 earnings release. As discussed in our April 22 analyst note, we had previously raised our fair value estimate 5% to account for Allegion's pending acquisition of Stanley Black & Decker's access technologies business. While management hasn't yet included the acquisition (which is expected to close during the third quarter) in its full-year 2022 financial guidance, we've included it in our valuation model.

Read Full Analysis

Allegion PLC's Company Profile

Business Description

Allegion is a global security products company with a portfolio of leading brands, such as Schlage, von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2021, Allegion generated 68% of sales in the United States. The company mainly competes with Swedish-based Assa Abloy AB and Switzerland-based Dormakaba.

Contact
Harcourt Road, Iveagh Court, Block D
Dublin 2, D02 VH94, Ireland
T +353 12546200
Sector Industrials
Industry Security & Protection Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 11,000