Allegion (NYSE:ALLE) Price Target Raised to $170.00

Allegion (NYSE:ALLE) had its price target boosted by JPMorgan Chase & Co. from $150.00 to $170.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the scientific and technical instruments company’s stock.

A number of other research firms also recently issued reports on ALLE. Wells Fargo & Company decreased their price target on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Evercore raised shares of Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Weiss Ratings downgraded shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Morgan Stanley decreased their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Finally, Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Allegion presently has a consensus rating of “Hold” and a consensus price target of $164.75.

Allegion Stock Performance

NYSE ALLE opened at $153.28 on Friday. The stock has a market capitalization of $13.04 billion, a PE ratio of 20.12, a P/E/G ratio of 3.12 and a beta of 0.85. The business has a 50 day simple moving average of $134.81 and a two-hundred day simple moving average of $146.71. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. Allegion has a 1-year low of $125.00 and a 1-year high of $183.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the prior year, the firm earned $2.04 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, research analysts predict that Allegion will post 8.92 EPS for the current fiscal year.

Allegion declared that its board has authorized a share buyback plan on Tuesday, April 28th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to buy up to 3.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the sale, the senior vice president owned 8,570 shares in the company, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Allegion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALLE. Pinnacle Bancorp Inc. boosted its position in shares of Allegion by 255.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after buying an additional 115 shares during the period. Elevation Wealth Partners LLC raised its holdings 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 worth $30,000 after buying an additional 200 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion in the second quarter worth approximately $33,000. Hantz Financial Services Inc. lifted its stake in shares of Allegion by 45.9% during the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 68 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in Allegion during the 4th quarter valued at $35,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion News Roundup

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Allegion reported Q2 2026 EPS of $2.40, beating estimates, while revenue of $1.15 billion also topped expectations and rose 12.7% year over year. Allegion (NYSE: ALLE) Reports Q2-2026 Financial Results
• Positive Sentiment: The company raised FY2026 guidance, lifting its EPS outlook to 8.85-9.00 and signaling better-than-expected profitability and revenue momentum. Allegion (NYSE: ALLE) Reports Q2-2026 Financial Results
• Positive Sentiment: Management highlighted organic growth and margin expansion in the Americas, and commentary suggests the International segment is showing signs of recovery. Allegion: Keep Calm And Lock In
• Neutral Sentiment: JPMorgan raised its price target on Allegion to $170 from $150 but kept a neutral rating, implying the stock may have less room to run than the recent earnings-driven rally suggests. Tickerreport.com
• Neutral Sentiment: Allegion also disclosed a new regulation-related risk in its latest filing, though the company said there were no material changes to its risk profile. Allegion: Keep Calm And Lock In

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.