Evercore ISI Group Raises Allegion (ALLE) Price Target to $190
Key Points
- Evercore ISI Group reiterated its Outperform rating on Allegion plc on October 23, 2026, while raising its price target from $180.00 to $190.00.
- Evercore ISI Group's $190 price target implies 7.14% upside from Allegion plc's ($ALLE) current $177.33 share price.
- Allegion recently traded around $177.33, sitting well above both its 50-day and 200-day moving averages.
- A group of four major institutional funds adjusted their holdings in the security and protection provider during recent quarters.
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On October 23, 2026, Evercore ISI Group maintained its Outperform rating on Allegion plc and raised its price target from $180.00 to $190.00. The research note arrived alongside shares closing at $178.74 on the New York Stock Exchange. The updated target signals growing confidence from the firm regarding the security hardware provider's market position.
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Allegion plc
Evercore ISI Group vs. the S&P 500
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Evercore ISI's Call on Allegion
Evercore ISI Group kept its positive stance on the company, pointing to ongoing momentum by lifting its price target by $10.00 to $190.00. Analysts issue these forward-looking ratings to give investors an idea of where they expect shares to head over a typical twelve-month window.
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 reduced its stake by 244,652 shares, ending with 3,390,592 shares valued at approximately $598,507,314. Massachusetts Financial Services Co. cut its position by 293,893 shares to hold 2,220,158 shares worth about $391,902,299. Deutsche Bank AG lifted its holdings by 445,263 shares, finishing with 1,766,125 shares valued at roughly $311,756,392.
Allegion plc Stock Up 11.5%
Allegion shares recently traded around $177.33 as of October 23, 2026. The stock was down about 0.8% compared to its event-day close of $178.74. Shares have traded firmly above key technical levels, resting about 13.5% higher than their 50-day moving average and roughly 18.3% above their 200-day moving average. The company carries a market capitalization near $15.01 billion.
$ALLE price target
Allegion plc daily closes and this analyst's $190 target. Not advice.
Recent Earnings
Allegion posted trailing-twelve-month revenue of $4.29 billion alongside $8.04 in earnings per share.
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, offering a dividend yield of 1.38%.
Insider Buying and Selling at Allegion plc
Insiders trimmed positions earlier in the year, including officer Timothy P. Eckersley selling 6,417 shares on July 27, 2026, officer Vincent Wenos selling 1,000 shares on August 6, 2026, and officer David S. Ilardi disposing of 549 shares on August 18, 2026. Meanwhile, director Steven Mizell picked up 170 shares on August 28, 2026.
Analysts Set New Price Targets
Wall Street firms have actively updated views on the security specialist, with B of A Securities upgrading the stock to a Buy rating and raising its target to $200.00 on the same day Evercore issued its note.
About Allegion plc
Headquartered in Dublin, Ireland, Allegion plc designs and manufactures mechanical and electronic security products, door controls, and access control systems for commercial and residential buildings globally. The company operates through two primary divisions focused on the Americas and international markets.
Bottom Line
Evercore's target increase to $190.00 highlights continued optimism from institutional analysts following strong share price appreciation through the middle of 2026. Investors should monitor upcoming earnings reports to see if the company's financial results continue to justify higher Wall Street targets.
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Source: Evercore ISI Group's rating change on $ALLE (Oct 23, 2026). Written by software, not financial advice. How we make alerts