What Are Wall Street Analysts' Target Price for Allegion Stock?
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Valued at a market cap of $12.2 billion, Allegion plc (ALLE) is a global security products and solutions provider that secures people and assets with a range of solutions for homes, businesses, schools, and institutions. Based in Dublin, Ireland, the company offers a range of products and solutions, including locksets, key systems, exit devices, doors, accessories, electronic security products, access control systems, and software and service solutions.
Shares of ALLE have outpaced the broader market over the past 52 weeks. ALLE has risen 15.1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.1%. Moreover, shares of ALLE are up 8.4% on a YTD basis, compared to SPX’s marginal dip.
Zooming in further, Allegion has outperformed the Industrial Select Sector SPDR ETF Fund’s (XLI) 12.8% return over the past 52 weeks and 7.2% rise on a YTD basis.
Allegion stock climbed 10.3% following the release of its strong Q1 2025 earnings on Apr. 24. Quarterly revenue rose 5.4% year-over-year to $941.9 million, supported by growth across both segments. Its adjusted operating income grew 12.7% from the prior-year quarter to $213.4 million, with an adjusted operating margin of 22.7%. Adjusted EPS came in at $1.86, up 20% from the prior-year quarter and topping the Street estimate of $1.68.
Additionally, for fiscal 2025, the company expects revenue to grow between 1% and 3%, with adjusted EPS projected in the range of $7.65 to $7.85.
For the fiscal year ending in December 2025, analysts expect ALLE’s adjusted EPS to increase 3.2% year-over-year to $7.77. The company's earnings surprise history is strong. It beat the consensus estimates in the past four quarters.
Among the nine analysts covering the stock, the consensus rating is a “Hold.” That’s based on two “Strong Buy” ratings, five “Holds,” one “Moderate Sell,” and one “Strong Sell.”
On Apr. 25, Barclays analyst Julian Mitchell raised ALLE's price target to $128 while maintaining an “Underweight” rating on the stock.
As of writing, Allegion is trading slightly above the mean price target of $140.50. The Street-high price target of $153 implies a potential upside of 8% from the current price levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.