Stock events for Allegion Plc (ALLE)
Allegion Plc's stock has experienced several notable events in the past six months. Despite beating expectations in Q4 2024, the stock price plunged due to a modest 2025 outlook. Strong Q1 2025 financial results fueled optimism. Allegion has been active with strategic acquisitions, including ELATEC, Nova Hardware Pty Ltd (Novas), Trimco Hardware, Lemaar Pty Ltd, and Next Door Company. In February 2025, Allegion announced a 6% hike in its quarterly dividend rate. During Q1 2025, the company experienced rising costs and expenses. Over the past six months, ALLE stock has declined by 9.6%, but has gained 4.2% year-to-date.
Demand Seasonality affecting Allegion Plc’s stock price
Allegion's business experiences seasonality that varies by product and service line. Sales of security products related to construction and DIY projects are typically higher in the second and third calendar quarters in the Northern Hemisphere. Certain other businesses within Allegion typically experience higher sales in the fourth quarter due to demand for services and project timing. In 2023, Allegion Americas experienced stable demand for its non-residential products and services, while macroeconomic conditions had a more challenging impact on the demand for residential products. Growth in electronic security products and solutions remained strong throughout 2023 and continues to outperform mechanical products. Allegion experienced a continued softening of demand in its Global Portable Security and China businesses within the Allegion International segment in 2023 and exited its small operations in China in Q4 2024.
Overview of Allegion Plc’s business
Allegion Plc is a global provider of security products and solutions for homes and businesses, headquartered in Dublin, Ireland. The company specializes in manufacturing and marketing security systems and access control solutions, including door controls and systems, locks and locksets, electronic security products and access control systems, doors and accessories, and services and software. Allegion's products are sold under more than 30 global brands, including CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin. The company serves a diverse range of end-users across commercial, institutional, and residential markets.
ALLE’s Geographic footprint
Allegion has a significant global presence, selling its products in over 130 countries. The company's operations are primarily divided into two segments: Allegion Americas and Allegion International. Allegion Americas is the largest segment by revenue, with over 75% of sales generated in the United States in fiscal year 2024. The company maintains sales and corporate offices, engineering and technical centers, and more than 30 primary production, assembly, and distribution facilities across the Americas, Europe, and Asia. Its corporate headquarters are located in Dublin, Ireland, with regional corporate centers in Carmel, Indiana; Brussels, Belgium; and Shanghai, China.
ALLE Corporate Image Assessment
Allegion Plc has maintained a strong brand reputation, receiving the Gallup Exceptional Workplace Award in 2024. Schlage was named America's Most Trusted lock brand for 2024 and 2025. Allegion Australia won two trade supplier awards in 2024, and Unicel Architectural was an Architizer A+Awards finalist in 2024. The company emphasizes the importance of its brand reputation for quality and value.
Ownership
Allegion Plc's ownership structure is primarily composed of institutional investors, with approximately 76.98% to 96.20% of the company's stock held by them. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Kayne Anderson Rudnick Investment Management LLC, Boston Partners, State Street Corp, Van Eck Associates Corp, Geode Capital Management, Llc, Massachusetts Financial Services Co, Brown Advisory Inc, and Lord Abbett Co LLC. Vanguard Group Inc is the largest individual Allegion shareholder, owning 10.77 million shares, representing 12.51% of the company.
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$144.12