Allegion (NYSE:ALLE) Updates FY 2026 Earnings Guidance

Allegion (NYSE:ALLE - Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 8.700-8.900 for the period, compared to the consensus earnings per share estimate of 8.790. The company issued revenue guidance of $4.3 billion-$4.4 billion, compared to the consensus revenue estimate of $4.3 billion.

Analysts Set New Price Targets

ALLE has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Allegion from $190.00 to $180.00 and set an "overweight" rating for the company in a research note on Wednesday, February 18th. Barclays reduced their price objective on Allegion from $176.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 1st. Evercore upgraded Allegion to a "strong-buy" rating in a research note on Monday, April 13th. Weiss Ratings reiterated a "buy (b)" rating on shares of Allegion in a research note on Wednesday, January 21st. Finally, Bank of America reduced their price objective on Allegion from $185.00 to $157.00 and set a "neutral" rating for the company in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $168.88.

Allegion Stock Performance

NYSE ALLE opened at $148.42 on Tuesday. The business's 50-day moving average price is $148.75 and its 200 day moving average price is $160.05. Allegion has a twelve month low of $134.67 and a twelve month high of $183.11. The company has a market capitalization of $12.76 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.74 and a beta of 1.02. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing analysts' consensus estimates of $2.27 by ($0.47). The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.10 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts predict that Allegion will post 8.74 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.55 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Allegion's dividend payout ratio (DPR) is 29.57%.

Insider Activity

In other news, Director Sue Main bought 2,000 shares of the firm's stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the transaction, the director owned 2,000 shares in the company, valued at $299,220. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the transaction, the director owned 4,915 shares of the company's stock, valued at approximately $793,821.65. The trade was a 16.91% decrease in their position. The SEC filing for this sale provides additional information. 0.23% of the stock is owned by insiders.

Institutional Trading of Allegion

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners raised its stake in shares of Allegion by 1.0% in the 3rd quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company's stock worth $842,026,000 after buying an additional 48,199 shares in the last quarter. State Street Corp grew its holdings in shares of Allegion by 6.6% in the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company's stock worth $750,584,000 after acquiring an additional 260,973 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Allegion by 12.7% in the 4th quarter. Invesco Ltd. now owns 1,402,682 shares of the scientific and technical instruments company's stock worth $223,335,000 after acquiring an additional 157,724 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Allegion by 4.5% in the 3rd quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company's stock worth $214,605,000 after acquiring an additional 52,612 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Allegion by 26.7% in the 3rd quarter. Bank of America Corp DE now owns 863,837 shares of the scientific and technical instruments company's stock worth $153,202,000 after acquiring an additional 181,869 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Allegion Company Profile

Allegion plc NYSE: ALLE is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion's core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company's product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.