Allegion (NYSE:ALLE) Releases Earnings Results, Beats Expectations By $0.10 EPS

Allegion (NYSE:ALLE) released its quarterly earnings data on Thursday. The scientific and technical instruments company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.10, FiscalAI reports. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%. Allegion’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.30 earnings per share.

Here are the key takeaways from Allegion’s conference call:

• Allegion raised its 2026 outlook, increasing reported revenue growth guidance to 9.5%–10.5%, organic revenue growth to 5%–6%, and adjusted EPS to $9.05–$9.10, implying low-double-digit EPS growth.
• Third-quarter revenue rose 9.6% to approximately $1.2 billion, while adjusted EPS increased 13% to $2.60 and adjusted operating margin expanded 60 basis points to 24.7%; year-to-date available cash flow rose 11.2% to $539.4 million.
• The Americas delivered 9.1% organic growth, led by low-double-digit non-residential growth, healthy specification activity, and strong electronics demand. Management expects non-residential momentum to continue into 2027, although residential growth remains primarily price-driven.
• International organic revenue declined slightly as weak Western European demand, particularly in Germany, reduced volumes and pressured margins; management expects international markets to remain soft in 2027.
• Allegion completed its approximately $90 million acquisition of Overly Door Company, invested another $40 million in Ambient.ai, launched its connected-product Optimize app, and returned $166 million to shareholders through dividends and share repurchases.

Allegion Price Performance

NYSE ALLE opened at $170.61 on Thursday. The firm’s 50 day moving average is $155.84 and its 200-day moving average is $145.88. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $14.51 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.19 and a beta of 0.81. Allegion has a 12-month low of $125.00 and a 12-month high of $183.11.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, September 15th. Allegion’s dividend payout ratio is 28.87%.

Insider Buying and Selling at Allegion

In related news, SVP Vincent Wenos sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were 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 directly owned 12,096 shares in the company, valued at approximately $2,035,152. This trade represents a 7.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven Mizell bought 170 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were bought at an average price of $158.28 per share, with a total value of $26,907.60. Following the purchase, the director owned 5,899 shares in the company, valued at $933,693.72. The trade was a 2.97% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALLE. Evercore reaffirmed an “outperform” rating and set a $180.00 price objective on shares of Allegion in a report on Tuesday, September 22nd. Weiss Ratings raised Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Robert W. Baird set a $170.00 target price on Allegion in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $162.50.

Allegion Company Profile

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.