Shares of Allegion plc (NYSE:ALLE) traded today at $144.33, eclipsing its 52-week high. Approximately 167,000 shares have changed hands today, as compared to an average 30-day volume of 713,000 shares.
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 spin-off transaction from Ingersoll-Rand in December 2013. In fiscal 2020, Allegion generated 74% of sales in the Americas, 20% of sales in Europe, the Middle East, and Africa, and 6% of sales in Asia-Pacific. The company mainly competes with Swedish-based Assa Abloy AB, Switzerland-based Dormakaba, and U.S.-based Spectrum Brands.
Based on a current price of $144.10, Allegion plc is currently 27.8% above its average consensus analyst price target of $104.07.
In the past 52 weeks, shares of Allegion plc have traded between a low of $89.83 and a high of $144.33 and is now at $144.10, which is 60% above that low price.
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