Zacks Research Has Positive Outlook for Allegion Q2 Earnings

Key Points

• Zacks Research has raised its Q2 2026 earnings per share estimate for Allegion to $2.09, up from $2.07, maintaining a "Hold" rating on the stock.
• Multiple research firms have increased target prices for Allegion, with Barclays raising their target from $163 to $185 and Robert W. Baird from $150 to $175.
• Allegion recently announced a quarterly dividend of $0.51 per share, translating to an annual yield of 1.2% with a payout ratio of 28.33%.

Allegion PLC (NYSE:ALLE - Free Report) - Research analysts at Zacks Research lifted their Q2 2026 earnings per share (EPS) estimates for Allegion in a research note issued on Friday, October 3rd. Zacks Research analyst Team now expects that the scientific and technical instruments company will post earnings of $2.09 per share for the quarter, up from their previous forecast of $2.07. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Allegion's current full-year earnings is $7.77 per share. Zacks Research also issued estimates for Allegion's Q3 2026 earnings at $2.29 EPS, Q4 2026 earnings at $2.23 EPS, FY2026 earnings at $8.42 EPS, Q2 2027 earnings at $2.11 EPS and FY2027 earnings at $8.57 EPS.

A number of other research firms have also issued reports on ALLE. Morgan Stanley boosted their target price on Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of Allegion in a research note on Saturday, September 27th. Robert W. Baird raised their price objective on shares of Allegion from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Barclays boosted their target price on Allegion from $163.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. Finally, Mizuho raised their price target on Allegion from $145.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $173.00.

Allegion Stock Performance

NYSE ALLE opened at $177.29 on Monday. The business's 50-day moving average price is $170.96 and its 200 day moving average price is $149.98. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The firm has a market cap of $15.22 billion, a P/E ratio of 24.62, a P/E/G ratio of 3.81 and a beta of 1.07. Allegion has a 52-week low of $116.57 and a 52-week high of $180.34.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.00 by $0.04. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. During the same quarter in the prior year, the firm earned $1.96 EPS. Allegion's revenue for the quarter was up 5.8% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS.

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, September 15th. Allegion's dividend payout ratio is presently 28.33%.

Insider Activity

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the transaction, the senior vice president directly owned 30,023 shares of the company's stock, valued at $4,946,589.48. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Tracy L. Kemp sold 3,849 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $164.92, for a total value of $634,777.08. Following the completion of the sale, the senior vice president owned 8,773 shares in the company, valued at $1,446,843.16. This represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.23% of the company's stock.

Hedge Funds Weigh In On Allegion

Institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in Allegion by 380.0% in the 1st quarter. AQR Capital Management LLC now owns 1,118,960 shares of the scientific and technical instruments company's stock valued at $142,707,000 after acquiring an additional 885,857 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Allegion by 22.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,776,203 shares of the scientific and technical instruments company's stock valued at $623,104,000 after buying an additional 878,796 shares during the period. Berkshire Hathaway Inc acquired a new position in shares of Allegion during the 2nd quarter valued at about $112,433,000. Norges Bank purchased a new position in shares of Allegion during the 2nd quarter worth about $109,862,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Allegion by 390.9% in the second quarter. Robeco Institutional Asset Management B.V. now owns 593,298 shares of the scientific and technical instruments company's stock valued at $85,506,000 after purchasing an additional 472,435 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.

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