Allegion (ALLE) Gains 28% in a Year: Will the Trend Last?
Summary
Allegion plc ALLE appears in good shape, with its shares having rallied 27.8% in the past year compared with the industry’s 19.3% growth. Allegion has been benefiting from strong operational performance owing to steady demand across its end markets. The Allegion International segment is benefiting from strength in electronics and software solutions end markets. The acquisition expanded ALLE’s Interflex portfolio and AWFM business with new capabilities in SaaS models and recurring revenue solutions. At the time of exiting the fourth quarter of 2023, the company was left to repurchase shares worth $460 million under its 2023-approved program.
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SaaS
Access Control Software
Workforce Management Software
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Allegion
$1B+