Allegion PLC (NYSE:ALLE) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Allegion “Moderate Buy.” Four analysts recommend buying the stock and four rate it a hold, with an average 12-month price target of $173.56. Bank of America upgraded the shares to Buy and raised its target to $200.
• Allegion beat third-quarter expectations and raised guidance. Adjusted EPS came in at $2.60 versus the $2.50 consensus, while revenue increased 9.6% year over year to $1.17 billion. Management now expects 2026 adjusted EPS of $9.05–$9.10 and revenue of about $4.5 billion.
• Americas non-residential demand is supporting growth. Low-double-digit organic growth and margin expansion in the Americas helped offset weaker international performance, while institutional investors own 92.21% of the company’s stock.

Allegion PLC (NYSE:ALLE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $173.56.

A number of equities analysts recently commented on ALLE shares. Mizuho set a $180.00 target price on shares of Allegion in a research note on Friday. Evercore reaffirmed an "outperform" rating and issued a $180.00 target price on shares of Allegion in a report on Tuesday, September 22nd. JPMorgan Chase & Co. upped their price objective on Allegion from $170.00 to $183.00 and gave the company a "neutral" rating in a research note on Friday. Robert W. Baird set a $196.00 target price on shares of Allegion in a research note on Friday. Finally, Bank of America upgraded Allegion from a "neutral" rating to a "buy" rating and lifted their price target for the company from $164.00 to $200.00 in a research note on Friday.

Allegion News Summary

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Q3 earnings and revenue beat estimates. Allegion reported adjusted earnings of $2.60 per share versus the $2.50 consensus, while revenue rose 9.6% year over year to $1.17 billion, ahead of the $1.14 billion estimate. Allegion Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised full-year guidance. Allegion now expects 2026 adjusted EPS of $9.05–$9.10, above the roughly $8.96 consensus, and revenue of approximately $4.5 billion versus estimates near $4.4 billion. Its reported revenue-growth outlook was raised to 9.5%–10.5%. Allegion Raises 2026 Adjusted EPS Outlook
• Positive Sentiment: Americas demand is driving the recovery. Low-double-digit organic growth in Americas non-residential markets, combined with margin expansion, helped offset weaker international performance and strengthened confidence in volume growth. Allegion Key Takeaways for Long-Term Investors
• Positive Sentiment: Analyst sentiment improved. Bank of America upgraded Allegion to Buy from Neutral and lifted its price target to $200 from $164. JPMorgan raised its target to $183, while Morgan Stanley increased its target to $170. BofA said improving volumes could support a further valuation re-rating. B of A Securities Upgrades Allegion

Insider Buying and Selling at Allegion

In related news, Director Steven Mizell acquired 170 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the transaction, the director directly owned 5,899 shares of the company's stock, valued at approximately $933,693.72. This trade represents a 2.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Vincent Wenos sold 1,000 shares of the business's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $168.25, for a total value of $168,250.00. Following the completion of the transaction, the senior vice president directly owned 12,096 shares of the company's stock, valued at approximately $2,035,152. This trade represents a 7.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.64% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Allegion

Institutional investors have recently modified their holdings of the company. IFM Investors Pty Ltd raised its position in shares of Allegion by 2,013.5% in the 1st quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company's stock worth $51,612,000 after buying an additional 338,425 shares during the period. Wellington Management Group LLP boosted its holdings in Allegion by 964.6% in the 2nd quarter. Wellington Management Group LLP now owns 356,725 shares of the scientific and technical instruments company's stock worth $50,116,000 after acquiring an additional 323,218 shares during the period. Hawk Ridge Capital Management LP grew its holdings in Allegion by 32.9% during the 1st quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company's stock valued at $116,640,000 after purchasing an additional 198,800 shares in the last quarter. Rit Capital Partners PLC purchased a new stake in shares of Allegion during the first quarter worth about $21,786,000. Finally, Hsbc Holdings PLC increased its holdings in Allegion by 408.0% during the 1st quarter. Hsbc Holdings PLC now owns 175,098 shares of the scientific and technical instruments company's stock worth $25,409,000 after purchasing an additional 140,629 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Stock Performance

Shares of ALLE stock opened at $178.95 on Friday. The stock has a market capitalization of $15.22 billion, a PE ratio of 22.29, a P/E/G ratio of 3.53 and a beta of 0.81. The firm has a 50 day moving average of $156.32 and a two-hundred day moving average of $146.36. Allegion has a 52 week low of $125.00 and a 52 week high of $183.11. The company has a quick ratio of 1.23, a current ratio of 1.90 and a debt-to-equity ratio of 0.94.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.50 by $0.10. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the firm posted $2.30 EPS. Allegion's revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts predict that Allegion will post 9.08 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.55 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.2%. Allegion's dividend payout ratio is currently 28.87%.

About Allegion

Allegion plc NYSE: ALLE is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.

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