Allegion (NYSE:ALLE) Upgraded at Bank of America

Bank of America upgraded shares of Allegion (NYSE:ALLE) from a neutral rating to a buy rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $200.00 price objective on the scientific and technical instruments company’s stock, up from their prior price objective of $164.00.

ALLE has been the subject of several other research reports. Weiss Ratings raised shares of Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Evercore reissued an “outperform” rating and issued a $180.00 price target on shares of Allegion in a report on Tuesday, September 22nd. Robert W. Baird set a $170.00 price target on shares of Allegion in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.56.

Allegion Stock Down 0.0%

ALLE opened at $178.95 on Friday. The stock’s fifty day simple moving average is $156.32 and its 200 day simple moving average is $146.40. Allegion has a 1-year low of $125.00 and a 1-year high of $183.11. The stock has a market cap of $15.09 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 3.59 and a beta of 0.81. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 0.94.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.10. Allegion had a net margin of 15.74% and a return on equity of 35.52%. 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 business posted $2.30 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, research analysts expect that Allegion will post 9.04 earnings per share for the current year.

Allegion Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Steven Mizell bought 170 shares of the company’s stock in a transaction dated 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 acquisition, the director owned 5,899 shares of the company’s stock, valued at $933,693.72. This represents a 2.97% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Vincent Wenos sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $168.25, for a total transaction of $168,250.00. Following the completion of the sale, the senior vice president directly owned 12,096 shares of the company’s stock, valued at approximately $2,035,152. The trade was a 7.64% decrease in their position. The SEC filing for this sale provides additional information. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Allegion

A number of institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC bought a new position in shares of Allegion during the second quarter worth approximately $25,000. Elevation Wealth Partners LLC raised its position in shares of Allegion by 1,666.7% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Allegion in the second quarter valued at approximately $42,000. Ameritas Advisory Services LLC bought a new stake in shares of Allegion in the second quarter valued at approximately $44,000. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of Allegion by 14,733.3% in the third quarter. Brown Lisle Cummings Inc. now owns 445 shares of the scientific and technical instruments company’s stock valued at $68,000 after buying an additional 442 shares during the period. Institutional investors own 92.21% of the company’s stock.

Trending Headlines about Allegion

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.