Allegion (NYSE:ALLE) Price Target Raised to $170.00 at JPMorgan Chase & Co.

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. The brokerage currently has a neutral rating on the scientific and technical instruments company’s stock.

A number of other brokerages have also issued reports on ALLE. Bank of America decreased 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. Weiss Ratings downgraded shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Barclays cut their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Morgan Stanley lowered their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, June 11th. One equities research 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 company’s stock. According to MarketBeat.com, Allegion presently has a consensus rating of “Hold” and an average target price of $164.75.

Allegion Trading Down 0.8%

Shares of Allegion stock opened at $153.28 on Friday. The firm has a 50-day moving average of $134.81 and a 200-day moving average of $146.82. The stock has a market cap of $13.17 billion, a PE ratio of 20.12, a PEG ratio of 3.14 and a beta of 0.85. Allegion has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.19 and a current ratio of 1.93.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $2.04 earnings per share. Allegion’s revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, sell-side analysts forecast that Allegion will post 8.93 EPS for the current year.

Allegion announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Allegion

In related news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total transaction of $547,639.95. Following the transaction, the senior vice president owned 8,570 shares in the company, valued at $1,175,375.50. The trade was a 31.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Allegion

Large investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in Allegion in the 4th quarter valued at about $131,523,000. Panagora Asset Management Inc. boosted its holdings in Allegion by 191.8% in the fourth quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock worth $99,401,000 after acquiring an additional 410,346 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in Allegion by 2,013.5% in the first quarter. IFM Investors Pty Ltd now owns 355,233 shares of the scientific and technical instruments company’s stock worth $51,612,000 after acquiring an additional 338,425 shares in the last quarter. Franklin Resources Inc. grew its stake in 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 valued at $84,266,000 after acquiring an additional 328,701 shares during the period. Finally, Millennium Management LLC grew its stake in Allegion by 817.1% in the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock valued at $54,700,000 after acquiring an additional 274,800 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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.