Is Wall Street Bullish or Bearish on Allegion Stock?

Valued at a market cap of $13.9 billion, Allegion plc (ALLE) is a prominent Ireland-based security-products company specializing in mechanical and electronic access solutions. Its portfolio includes locks, door controls, electronic smart-access systems, and security software used in homes, businesses, schools, and institutions.

Shares of ALLE have outpaced the broader market over the past 52 weeks. ALLE has climbed 16.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.3%. Moreover, shares of ALLE are up 23% on a YTD basis, compared to SPX’s 12.9% rise.