Allegion (NYSE:ALLE) Price Target Raised to $183.00

Allegion (NYSE:ALLE) had its price target raised by JPMorgan Chase & Co. from $170.00 to $183.00 in a research report report published on Friday,Benzinga reports. The firm currently has a neutral rating on the scientific and technical instruments company’s stock.

Other equities research analysts also recently issued research reports about the company. Bank of America raised Allegion from a “neutral” rating to a “buy” rating and raised their price objective for the company from $164.00 to $200.00 in a research report on Friday. Robert W. Baird set a $196.00 target price on shares of Allegion in a report on Friday. Evercore reissued an “outperform” rating and set a $180.00 price target on shares of Allegion in a research report on Tuesday, September 22nd. Mizuho set a $180.00 price target on shares of Allegion in a report on Friday. Finally, Weiss Ratings upgraded shares of Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Allegion currently has an average rating of “Moderate Buy” and a consensus target price of $173.56.

Allegion Price Performance

Shares of ALLE opened at $178.95 on Friday. The company has a 50 day moving average price of $156.32 and a 200-day moving average price of $146.40. Allegion has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The stock has a market capitalization of $15.09 billion, a PE ratio of 22.29, a PEG ratio of 3.59 and a beta of 0.81. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.24 and a current ratio of 1.90.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Allegion had a net margin of 15.74% and a return on equity of 35.52%. Allegion’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $2.30 earnings per share. Equities analysts predict that Allegion will post 9.04 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is currently 27.40%.

Insider Activity

In related news, SVP Vincent Wenos sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $168.25, for a total value of $168,250.00. Following the completion of the sale, the senior vice president directly owned 12,096 shares in the company, valued at $2,035,152. This trade represents a 7.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Steven Mizell bought 170 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average price of $158.28 per share, with a total value of $26,907.60. Following the completion of the purchase, the director directly owned 5,899 shares in the company, valued at $933,693.72. This represents a 2.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ALLE. Apollon Wealth Management LLC acquired a new stake in shares of Allegion during the third quarter worth $8,576,000. Valley National Advisers Inc. increased its position in shares of Allegion by 25.7% in the 3rd quarter. Valley National Advisers Inc. now owns 6,935 shares of the scientific and technical instruments company’s stock valued at $1,066,000 after acquiring an additional 1,419 shares during the period. Signaturefd LLC increased its position in shares of Allegion by 1,666.6% in the 3rd quarter. Signaturefd LLC now owns 23,107 shares of the scientific and technical instruments company’s stock valued at $3,553,000 after acquiring an additional 21,799 shares during the period. Citizens Financial Group Inc. RI increased its position in shares of Allegion by 1,760.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 28,278 shares of the scientific and technical instruments company’s stock valued at $4,348,000 after acquiring an additional 26,758 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in Allegion in the 3rd quarter worth $1,627,000. 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: 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

Allegion Company Profile

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.