Barclays Cuts Allegion (NYSE:ALLE) Price Target to $161.00

Key Points

• Barclays cut Allegion's price target to $161 (from $165) and kept an "equal weight" rating; analysts' average target is about $165.25 and the consensus rating is "Hold."
• Q1 results missed expectations with EPS of $1.80 vs. $1.88 and revenue of $1.03B vs. ~$1.10B, as management cited rising input costs and softer residential demand, yet FY2026 EPS guidance of $8.70–8.90 was reaffirmed.
• The board authorized a $500 million share buyback (roughly 3.9% of outstanding shares), signaling management's confidence in the stock's valuation.

Allegion (NYSE:ALLE - Get Free Report) had its price objective reduced by analysts at Barclays from $165.00 to $161.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the scientific and technical instruments company's stock. Barclays's target price indicates a potential upside of 16.93% from the stock's current price.

Several other equities research analysts have also recently weighed in on the stock. Bank of America decreased their price objective on shares of Allegion from $185.00 to $157.00 and set a "neutral" rating for the company in a research report on Monday, April 20th. Evercore upgraded shares of Allegion to a "strong-buy" rating in a research report on Monday, April 13th. Weiss Ratings reiterated a "buy (b)" rating on shares of Allegion in a research report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price objective on shares of Allegion from $190.00 to $180.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Allegion from $175.00 to $155.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Allegion has an average rating of "Hold" and an average target price of $165.25.

Allegion Trading Down 0.1%

Shares of ALLE traded down $0.18 during trading hours on Wednesday, hitting $137.68. 41,364 shares of the stock were exchanged, compared to its average volume of 917,427. Allegion has a fifty-two week low of $134.67 and a fifty-two week high of $183.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16. The business has a 50-day moving average of $148.25 and a 200-day moving average of $159.80. The firm has a market capitalization of $11.83 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 2.79 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a return on equity of 38.06% and a net margin of 15.83%.The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company earned $1.86 earnings per share. The company's quarterly revenue was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts expect that Allegion will post 8.74 EPS for the current year.

Allegion declared that its board has authorized a share repurchase plan on Tuesday, April 28th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

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

Institutional Trading of Allegion

Institutional investors and hedge funds have recently made changes to their positions in the company. Westside Investment Management Inc. raised its holdings in shares of Allegion by 100.0% in the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 70 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company's stock valued at $25,000 after purchasing an additional 115 shares during the last quarter. First Horizon Corp purchased a new stake in shares of Allegion in the third quarter valued at about $26,000. Hantz Financial Services Inc. raised its holdings in shares of Allegion by 120.9% in the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Allegion in the third quarter valued at about $29,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion News Summary

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Board authorized a $500 million share buyback (about 3.9% of shares outstanding), a direct capital-return action that typically supports the stock and signals management believes shares are undervalued. RTT News - Buyback
• Positive Sentiment: Revenue grew ~9.7% year‑over‑year, driven by Americas non‑residential and electronics strength — evidence of underlying demand in higher‑margin segments. BusinessWire - Q1 Results
• Neutral Sentiment: FY‑2026 guidance (EPS $8.70–8.90; revenue ~$4.3–4.4B) was reaffirmed and sits roughly in line with consensus, limiting downside from guidance risk but not providing upside surprise. MarketBeat - Guidance/Transcript
• Neutral Sentiment: Commentary and analysis note a “margin story” and focus around Russell 1000 index dynamics — index flows or rebalancing could add short‑term volatility but are not company fundamentals. Kalkine Media - Russell 1000 Focus
• Negative Sentiment: Q1 EPS of $1.80 missed the Street ($1.88) and revenue of $1.03B missed expectations (~$1.10B), reigniting concerns about cost pressures and margin compression. Yahoo Finance - Why ALLE Is Down
• Negative Sentiment: Management flagged rising input costs and softer residential security demand, which pressured profitability and is the main driver of today’s selloff. MSN - Weak Residential Demand

About Allegion

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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