ALLE

Allegion Public Limited Company

Industrial/Transportation


Presented:01/23/2014
Price:$47.72
Cap:$4.58B
Current Price:$149.53
Cap:$13.03B

Presented

Date01/23/2014
Price$47.72
Market Cap$4.58B
Ent Value$4.25B
P/E Ratio26.85x
Book ValueN/A
Div Yield0.69%
Shares O/S96.00M
Ave Daily Vol1,640,000
Short Int1.29%

Current

Price$149.53
Market Cap$13.03B
Allegion plc provides security products and solutions in the Americas, Europe, the Middle East, India, Africa, and the Asia Pacific. It offers mechanical and electronic security products for end-users in commercial, institutional, and residential facilities in the education, healthcare, government, commercial office, and single- and multi-family residential markets. The company’s products include locks, locksets, and key systems; door closers and controls, and exit devices; electronic products and access control systems, including time, attendance, and workforce productivity and video analytics systems; doors and door frames; and other accessories. It markets and sells its products under the strategic brands, such as CISA, Interflex, LCN, Schlage, and Von Duprin; and other brands, including aptiQ, Briton, Bricard, Dalco, Dexter by Schlage, Falcon, Fusion Hardware Group, Glynn-Johnson, ITO Kilit, Ives, Kryptonite, Legge, Martin Roberts, Normbau, Randi, Steelcraft, and XceedID. The company is based in Dublin, Ireland. Allegion Plc (NYSE:ALLE) operates independently of Ingersoll-Rand Plc as of December 2, 2013.

Highlights

Spun out of Ingersoll Rand (IR) late last year, Allegion is a maker of mechanical and electronic security products, including locks/ entrance systems. Now that it is a standalone concern, the presenter anticipates that the company will seek to reduce its effective tax rate by offsetting income from its North American unit, from about 36% currently to the 15-20% range.

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