Goldman Sachs Raises Allegion (ALLE) Price Target to $206
Key Points
- Goldman Sachs increased its target for Allegion from $182 to $206, reflecting a positive outlook for the stock.
- Goldman Sachs's $206 price target implies 15.10% upside from Allegion plc's ($ALLE) current $178.98 share price.
- As of October 26, 2026, Allegion shares traded recently at $178.98, which is about equal to the closing price of $178.98 on October 23.
- The average target price among analysts for Allegion is $190.36, indicating room for potential growth from the recent trading level.
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Goldman Sachs raised its price target on Allegion plc (NYSE: ALLE) from $182 to $206 on October 26, 2026. The firm maintained its Buy rating for the stock, indicating confidence in Allegion's performance moving forward. This adjustment reflects Goldman Sachs' positive outlook amid the current market conditions.
ALLE
Allegion plc
Goldman Sachs vs. the S&P 500
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Other Institutional Activity in Allegion
Boston Partners increased its stake in Allegion by 197,908 shares, bringing its total to 4,645,278 shares valued at about $831.4 million. Deutsche Bank AG also boosted its holdings by 445,263 shares, ending with 1,766,125 shares worth approximately $316.1 million. In contrast, Kayne Anderson Rudnick Investment Management LLC and Massachusetts Financial Services Co. both reduced their positions, with decreases of 244,652 shares and 293,893 shares, respectively.
Allegion plc Stock Up 1.4%
Allegion shares closed at $178.98 on October 23, 2026, and recently traded at the same level. The stock is currently above its 50-day moving average by 14.4% and its 200-day moving average by 19.3%. However, it is about 2.3% below its 52-week high of $183.11, suggesting some potential for growth as it approaches its previous highs.
$ALLE price target
Allegion plc daily closes and this analyst's $206 target. Not advice.
Recent Earnings
Allegion reported a trailing twelve-month revenue of approximately $4.39 billion, with an earnings per share (EPS) of $8.04. The company has shown a year-over-year revenue growth of 9.6%. The next earnings report is scheduled for 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 of $2.20 per share, which translates to a yield of 1.23%. The dividend payout ratio stands at 26.9%, indicating a healthy balance between reinvesting in the business and returning cash to shareholders.
Insider Buying and Selling at Allegion plc
Since July 2026, several insiders have sold shares of Allegion. Timothy P. Eckersley, an officer, sold 6,417 shares at an average price of $157.26 on July 27, valued at about $1.01 million. Vincent Wenos, another officer, sold 1,000 shares at $168.25 on August 6 for a total of $168,250. Meanwhile, Steven Mizell, a director, bought 170 shares at $158.28 on August 28, totaling $26,908.
Analysts Set New Price Targets
On October 26, 2026, Goldman Sachs maintained its Buy rating for Allegion with a new price target of $206. Earlier, on October 23, JP Morgan also maintained a Neutral rating with a target of $183, while Evercore ISI Group kept an Outperform rating with a target of $190. The consensus target among analysts is $190.36, reflecting a positive sentiment about the stock's future performance.
About Allegion
Allegion plc, headquartered in Dublin, Ireland, provides security products and solutions globally. The company operates through two segments, Allegion Americas and Allegion International, offering a wide range of products like door controls, electronic security systems, and locks. The recent price target increase by Goldman Sachs signals confidence in Allegion's growth prospects in the security industry.
Bottom Line
Investors should monitor Allegion's upcoming earnings report on February 16, 2027, for insights into its financial health. The recent target raise by Goldman Sachs and the consensus among analysts suggest a generally optimistic outlook for the stock, despite it trading below the average target price.
Related Filing Alerts
Source: Goldman Sachs's rating change on $ALLE (Oct 26, 2026). Written by software, not financial advice. How we make alerts