B of A Securities Raises Allegion (ALLE) Price Target to $200
Key Points
- B of A Securities upgraded Allegion plc to a Buy rating on October 23, 2026, and lifted its price target to $200.00 from $164.00.
- B of A Securities's $200 price target implies 17.67% upside from Allegion plc's ($ALLE) current $169.97 share price.
- Allegion recently traded around $169.97, resting comfortably above its 50-day and 200-day moving averages as it heads toward early 2027 earnings.
- The security products maker pulls in trailing twelve-month revenue of over $4.39 billion alongside an 15.7% net profit margin.
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B of A Securities upgraded its stance on Allegion plc NYSE:ALLE on October 23, 2026, lifting its rating on the security products maker to a Buy from a previous Neutral view. Alongside the rating bump, the firm boosted its price target to $200.00 from $164.00.
ALLE
Allegion plc
B of A Securities vs. the S&P 500
Hypothetical returns from B of A Securities's disclosed trades, not real profit or advice. How we model this.
B of A Securities' Call on Allegion
In its research note published on October 23, 2026, B of A Securities shifted Allegion to a Buy rating and raised the price target to $200.00 from $164.00.
Other Institutional Activity in Allegion
Boston Partners grew its holdings by 197,908 shares, ending with 4,645,278 shares worth about $819,984,492. Kayne Anderson Rudnick Investment Management LLC cut its stake by 244,652 shares, ending with 3,390,592 shares worth about $598,507,314. Massachusetts Financial Services Co. reduced its position by 293,893 shares, leaving it with 2,220,158 shares valued at approximately $391,902,299. Deutsche Bank AG lifted its holdings by 445,263 shares, finishing with 1,766,125 shares worth roughly $311,756,392.
Allegion plc Stock Up 6.9%
Shares of Allegion recently traded around $169.97, putting the stock about 8.8% above its 50-day moving average and roughly 13.4% above its 200-day moving average. The stock sits about 7.2% below its 52-week high of $183.11 and up 36.0% from its 52-week low of $125.00.
$ALLE price target
Allegion plc daily closes and this analyst's $200 target. Not advice.
Recent Earnings
Allegion generated trailing twelve-month revenue of $4.39 billion with earnings of $8.04 per share. The company posted a net profit margin of 15.7% and a return on equity of 33.6%. Year-over-year revenue grew by 9.6%. The company's next earnings report is scheduled for release on February 16, 2027.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target cuts vs 0 raises.
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EPS & revenue
EPS missed estimates by 6.9%. Revenue missed estimates by 1.3%.
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Profit surprise
EBITDA missed by 21 percent. Operating income missed by 15 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 downgrade, 2 target cuts.
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Earnings quality
Gross margin down 0.9 points. Operating margin down 2.0 points. Positive free cash flow.
Earnings Call Summary
Allegion delivered $1.04 billion in first quarter revenue, up 9.7 percent year over year, driven by the Americas nonresidential business and acquisitions. However, organic revenue grew only 2.6 percent because of an unexpected ERP implementation failure in a European mechanical business that hurt both volume and margins. Management said production rates are improving and it expects to recover the lost sales over the rest of the year, while also managing inflationary pressures from tariffs and other input costs through price increases and cost actions.
Guidance Allegion raised its reported revenue outlook to 6 percent to 8 percent growth for the year because of the DCI acquisition it closed in March. The company reaffirmed its organic revenue growth outlook of 2 percent to 4 percent and earnings per share guidance of $8.70 to $8.90. Management expects tariff and inflation headwinds of about 1 percent of cost of goods, but plans to offset these through pricing and cost actions that should be neutral to full year earnings.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Dividend
Allegion pays an annual dividend rate of $2.20 per share, yielding 1.25%. The payout ratio sits at 26.9% of earnings.
Insider Buying and Selling at Allegion plc
Officer Timothy P. Eckersley sold 6,417 shares on July 27, 2026, at an average price of $157.26 for a total value of $1,009,137. Officer Vincent Wenos sold 1,000 shares on August 6, 2026, at $168.25 per share totaling $168,250. Officer David S. Ilardi sold 549 shares on August 18, 2026, at $161.09 per share for $88,438. Director Steven Mizell bought 170 shares on August 28, 2026, at $158.28 per share worth $26,908.
Analysts Set New Price Targets
JP Morgan maintained a Neutral rating with a $170.00 price target on July 24, 2026. Baird maintained a Neutral rating and lifted its target to $170.00 from $165.00 on July 24, 2026. Morgan Stanley maintained an Equal-Weight rating while raising its target to $160.00 from $142.00 on August 10, 2026. Wall Street consensus currently points to a Buy recommendation with a mean price target of $182.00 across 11 analyst opinions.
About Allegion
Headquartered in Dublin, Ireland, Allegion designs and manufactures mechanical and electronic security products, door controls, locks, and access control systems for commercial and residential markets globally. The company operates through two primary segments, Allegion Americas and Allegion International, serving customers across diverse industries and property types.
Bottom Line
B of A Securities' upgrade highlights growing confidence in Allegion as the security provider heads toward its next earnings update in February 2027. Investors will watch whether the stock can close the gap toward the new $200.00 price target.
Related Filing Alerts
Source: B of A Securities's rating change on $ALLE (Oct 23, 2026). Written by software, not financial advice. How we make alerts