Allegion (NYSE:ALLE) Upgraded to "Strong-Buy" at Evercore

Key Points

• Evercore upgraded Allegion to a "Strong-Buy", but analyst consensus remains a Hold (1 Strong Buy, 3 Buy, 7 Hold) with a consensus price target of $171.13 and recent price-target cuts from JPMorgan, Barclays and Wells Fargo.
• Allegion missed quarterly expectations (EPS $1.94 vs. $2.01; revenue $1.03B vs. $1.04B) while reporting 9.3% year-over-year revenue growth and setting FY 2026 guidance of 8.70–8.90 EPS, versus sell-side expectations of 7.77 EPS.
• The stock opened around $147 with a market cap of ~$12.7 billion and a P/E of ~19.8, and is heavily held by institutions (about 92.21% institutional ownership).

Allegion (NYSE:ALLE - Get Free Report) was upgraded by investment analysts at Evercore to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Allegion in a report on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on Allegion from $190.00 to $180.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. Barclays cut their price target on Allegion from $176.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. Finally, Wells Fargo & Company cut their price target on Allegion from $175.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $171.13.

Allegion Stock Up 1.6%

ALLE stock opened at $147.06 on Monday. The company has a 50 day moving average price of $155.12 and a two-hundred day moving average price of $162.28. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.84. The stock has a market capitalization of $12.67 billion, a P/E ratio of 19.77, a PEG ratio of 3.13 and a beta of 1.02. Allegion has a one year low of $122.14 and a one year high of $183.11.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The company's revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, sell-side analysts expect that Allegion will post 7.77 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Allegion

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Boston Partners increased its holdings in shares of Allegion by 1.0% during 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 during the last quarter. State Street Corp boosted its position in Allegion by 6.6% during 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 purchasing an additional 260,973 shares during the period. Geode Capital Management LLC boosted its position in Allegion by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company's stock worth $427,521,000 after purchasing an additional 13,880 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Allegion by 10.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company's stock worth $412,876,000 after purchasing an additional 236,248 shares during the period. Finally, Invesco Ltd. boosted its position in Allegion by 12.7% during 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 purchasing an additional 157,724 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.

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