Allegion (NYSE:ALLE) Updates FY 2026 Earnings Guidance

Allegion (NYSE:ALLE) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 8.850-9.000 for the period, compared to the consensus estimate of 8.770. The company issued revenue guidance of $4.4 billion-$4.4 billion, compared to the consensus revenue estimate of $4.4 billion.

Allegion Stock Performance

ALLE opened at $140.19 on Thursday. The business has a 50 day moving average price of $133.79 and a two-hundred day moving average price of $146.82. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 2.85 and a beta of 0.85. Allegion has a 1-year low of $125.00 and a 1-year high of $183.11.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Research analysts predict that Allegion will post 8.74 EPS for the current fiscal year.

Allegion declared that its Board of Directors has initiated a stock buyback program on Tuesday, April 28th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

ALLE has been the subject of several recent research reports. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, June 11th. Wells Fargo & Company reduced their price objective on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Barclays reduced their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th. Finally, Bank of America dropped their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $160.89.

Insider Activity

In other news, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction that occurred on 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 directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. This represents a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allegion

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Allegion by 163.9% in the fourth quarter. Franklin Resources Inc. now owns 529,243 shares of the scientific and technical instruments company’s stock worth $84,266,000 after buying an additional 328,701 shares during the last quarter. Millennium Management LLC grew its stake in Allegion by 817.1% in the 3rd quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock valued at $54,700,000 after buying an additional 274,800 shares during the last quarter. State Street Corp raised its holdings in Allegion by 6.6% in the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock worth $750,584,000 after acquiring an additional 260,973 shares during the period. Janney Montgomery Scott LLC raised its holdings in Allegion by 292.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 266,985 shares of the scientific and technical instruments company’s stock worth $42,509,000 after acquiring an additional 199,026 shares during the period. Finally, Caisse de depot et placement du Quebec lifted its position in Allegion by 188.2% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 289,761 shares of the scientific and technical instruments company’s stock worth $51,389,000 after acquiring an additional 189,236 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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.