JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Allegion (NYSE:ALLE) Stock

Allegion (NYSE:ALLE) had its price target upped by equities researchers at JPMorgan Chase & Co. from $170.00 to $183.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the scientific and technical instruments company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 1.86% from the company’s previous close.

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

Allegion Price Performance

Shares of Allegion stock traded up $3.14 on Friday, reaching $179.66. The stock had a trading volume of 493,879 shares, compared to its average volume of 1,095,139. The business’s 50 day moving average is $156.04 and its two-hundred day moving average is $146.13. The company has a current ratio of 1.93, a quick ratio of 1.23 and a debt-to-equity ratio of 0.96. Allegion has a 1 year low of $125.00 and a 1 year high of $183.11. The company has a market cap of $15.28 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.81.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.50 by $0.10. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. Allegion’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.30 earnings per share. As a group, research analysts anticipate that Allegion will post 8.94 EPS for the current year.

Insider Activity at Allegion

In related news, SVP Vincent Wenos sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was 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 owned 12,096 shares in the company, valued at $2,035,152. The trade was a 7.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Timothy P. Eckersley sold 6,417 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $157.26, for a total value of $1,009,137.42. Following the completion of the sale, the senior vice president directly owned 29,919 shares of the company’s stock, valued at approximately $4,705,061.94. This represents a 17.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allegion

Institutional investors have recently bought and sold shares of the stock. Continuum Advisory LLC bought a new position in Allegion during the 2nd quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its stake in shares of Allegion by 1,666.7% during 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 purchasing an additional 200 shares during the period. J.Safra Asset Management Corp purchased a new stake in shares of Allegion during the second quarter valued at approximately $42,000. Ameritas Advisory Services LLC bought a new position in shares of Allegion in the second quarter worth approximately $44,000. Finally, Brown Lisle Cummings Inc. grew its holdings 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 worth $68,000 after purchasing an additional 442 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Key Allegion News

Here are the key news stories impacting Allegion this week:

• Positive Sentiment: Q3 results exceeded expectations: Allegion reported adjusted earnings of $2.60 per share, above the $2.50 consensus estimate, while revenue rose 9.6% year over year to $1.17 billion, surpassing expectations of $1.14 billion. Allegion Q3 earnings report
• Positive Sentiment: Management raised its outlook: Allegion now expects fiscal 2026 adjusted EPS of $9.05-$9.10, above the $8.96 consensus, and revenue of approximately $4.5 billion versus the $4.4 billion analyst estimate. The company also lifted its reported revenue-growth outlook to 9.5%-10.5%. Allegion raises 2026 guidance
• Positive Sentiment: Americas demand remains strong: Americas non-residential organic revenue grew at a low-double-digit rate, supported by continued momentum and margin expansion. This strength was the primary factor behind the improved outlook. Allegion long-term investor takeaways
• Positive Sentiment: Bank of America upgraded Allegion: The firm raised its rating from “neutral” to “buy” and increased its price target from $164 to $200, signaling greater confidence in the company’s earnings trajectory and valuation potential. Bank of America analyst recommendations
• Negative Sentiment: International performance remains a concern: Coverage of the earnings call indicated that growth was led by the Americas, while weaker international conditions continue to weigh on the overall business mix.

About Allegion

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.