Allegion Stock (NYSE:ALLE), Trade Ideas

Allegion

Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2023, Allegion generated 75% of sales in the United States. The company primarily competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.

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Allegion expands its security solutions portfolio with the acquisition of Dorcas, a manufacturer of electro-mechanical access control products based in Spain.

Security Giant Allegion Snaps Up Dorcas, Enhancing Its International Access Control Solutions

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Although U.S. stocks closed lower on Monday, there were a few notable insider trades.

Over $1M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying

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Mizuho analyst downgraded Allegion &amp; Johnson Controls to Neutral, with $141 &amp; $62 price targets. ALLE reported Q4 EPS beat but missed sales. JCI&#39;s Q1 revenue missed &amp; FY24 outlook lowered. Concerns about non-residential markets &amp; inconsistent performance.

Allegion and Johnson Controls Downgraded: This Analyst Switches Stance Amid Market Challenges

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UBS analyst Chris Snyder maintains Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) with a Neutral and raises the price target from $113 to $132.

Analyst Ratings

UBS Maintains Neutral on Allegion, Raises Price Target to $132

Schlage&#xAE;&nbsp;employee badge integration with Google Wallet&nbsp;enhances security and convenience for staff.

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Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) in the last three months.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Allegion, presenting an average target of $131.0, a high estimate of $141.00, and a low estimate of $121.00. This current average has increased by 0.96% from the previous average price target of $129.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1712084483_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Allegion by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$122.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Brett Linzey</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$141.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$121.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$139.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Allegion. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Allegion compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Allegion's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Allegion's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALLE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allegion analyst ratings.</a>
<h2>Get to Know Allegion Better</h2>
Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2023, Allegion generated 75% of sales in the United States. The company primarily competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.
<h3>Allegion: Financial Performance Dissected</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Allegion showcased positive performance, achieving a revenue growth rate of 4.17% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.22%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Allegion's ROE excels beyond industry benchmarks, reaching 9.3%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Allegion's ROA excels beyond industry benchmarks, reaching 2.79%. This signifies efficient management of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 1.53, Allegion faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Allegion Through The Eyes Of 4 Analysts

Barclays analyst Julian Mitchell maintains Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) with a Equal-Weight and raises the price target from $121 to $122.

Barclays Maintains Equal-Weight on Allegion, Raises Price Target to $122

Security products provider&nbsp;Allegion plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) has acquired&nbsp;Dorcas&nbsp;through one of its wholly&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37451050/allegion-acquires-dorcas-growing-international-portfolio-of-electro-mechanical-access-solutions" rel="noreferrer noopener">owned subsidiaries for an unknown sum</a>.
Dorcas is a manufacturer of electro-mechanical access control solutions and is based in Siete Aguas, Spain.
Dorcas specializes in the production of electric strikes, electro-mechanical and electro-magnetic locks, access control solutions and door control products.
Dorcas will operate as part of the Allegion International segment, led by Allegion Senior Vice President Tim Eckersley.
Dorcas CEO Pablo Ibáñez will join Allegion as managing director of the Dorcas business.
&#8220;Dorcas&#8217; electric strikes and locks are integral elements of access control systems, and adding this business to Allegion International is another strategic investment in the health and quality of our portfolio,&#8221; said Allegion Senior Vice President Tim Eckersley.
Allegion held $468.1 million in&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37206720/allegion-nyse-alle-reports-q4-full-year-2023-financial-results-introduces-2024-outlook" rel="noreferrer noopener">cash and equivalents as of December 31, 2023</a>.
Price Action: ALLE shares closed lower by 0.84% at $126.80 on Friday.

Dorcas is a manufacturer of electro-mechanical access control solutions.&nbsp;Dorcas will operate as part of the Allegion International segment, led by Allegion Senior Vice President Tim Eckersley.

Allegion, Through One Of Its Wholly Owned Subsidiaries, Acquires Spain-Based Privately Held Company Dorcas; Terms Not Disclosed

Although U.S. stocks closed lower on Monday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>Allegion </h3>
<ul>
<li>The Trade: Allegion plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alle#NYSE">ALLE</a>) President and CEO John H Stone <a href="https://www.benzinga.com/quote/ALLE/analyst-ratings"> acquired a total of 10,000 shares </a> an average price of $132.41. To acquire these shares, it cost around $1.32 million.</li>
<li>What&rsquo;s Happening: On Feb. 20, Allegion posted better-than-expected quarterly earnings.</li>
<li>What Allegion Does: Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN.</li>
</ul>
<h3>Heartland Express </h3>
<ul>
<li>The Trade: Heartland Express, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htld#NASDAQ">HTLD</a>) 10% owner Julie Durr acquired a total of 14,933 shares at an average price of $12.39. To acquire these shares, it cost around $185,024.</li>
<li>What&rsquo;s Happening: On Jan. 31, Heartland Express posted a profit for the fourth quarter.</li>
<li>What Heartland Express Does: Heartland Express Inc is engaged in providing truckload services across the United States and Canada.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Tile Shop Holdings </h3>
<ul>
<li>The Trade: Tile Shop Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttsh#NASDAQ">TTSH</a>) 10% owner Pleasant Lake Onshore Feeder Fund LP <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 98,000 shares </a> at an average price of $6.53. To acquire these shares, it cost around $639,991.</li>
<li>What&rsquo;s Happening: Tile Shop said it will release financial results for the fourth quarter on Feb. 29, 2024.</li>
<li>What Tile Shop Holdings Does: Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States.</li>
</ul>
<h3>Illumina </h3>
<ul>
<li>The Trade: Illumina, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilmn#NASDAQ">ILMN</a>) CEO Jacob Thaysen <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 7,330 shares </a> at an average price of $135.29. The insider spent around $991,672 to buy those shares.</li>
<li>What&rsquo;s Happening: On Feb. 8, Illumina posted upbeat quarterly earnings.</li>
<li>What Illumina Does: Illumina provides tools and services to analyze genetic material with life science and clinical lab applications.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/02/37327879/macys-lowes-and-3-stocks-to-watch-heading-into-tuesday"> Macy&#39;s, Lowe&#39;s And 3 Stocks To Watch Heading Into Tuesday </a>
&nbsp;

Mizuho Securities&nbsp;analyst Brett Linzey downgraded both&nbsp;Allegion&nbsp;Plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) and&nbsp;Johnson Controls International Plc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) to Neutral (from Buy).
The analyst raised the ALLE&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ALLE/analyst-ratings" rel="noreferrer noopener">price target of $141 from $140</a>&nbsp;and maintained the JCI&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/JCI/analyst-ratings" rel="noreferrer noopener">price target of $62.</a>
ALLE: This week, Allegion reported a fourth-quarter adj. EPS of $1.68, beating the consensus of $1.59, while sales of $897.40 million missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37206720/allegion-nyse-alle-reports-q4-full-year-2023-financial-results-introduces-2024-outlook" rel="noreferrer noopener">consensus of $902.10 million</a>.
The analyst downgraded ALLE following a strong run in the stock off the lows and a more balanced risk/reward from here.
The analyst expects non-residential markets to be mixed with Institutional steady and softening commercial pockets. Linzey says 2024 is a &#8220;heavier back-end loaded year&#8221; than usual, with tough comparables in the first quarter.&nbsp;
Also, the electronics/software comparables is difficult after delivering +20% in FY23 and will probably shift to something below the longer-term trend this year, writes the analyst.&nbsp;
Linzey expects the bulk of the FY24 margin to be driven by favorable price/cost/productivity, but continued warning signals related to non-residential markets remain a matter of concern. The analyst now sees adjusted EPS of $7.07 in FY24 and $7.50 in FY25. 
JCI: Last month, the company reported first-quarter revenues of $6.094 billion, missing the analyst consensus of $6.12 billion, while adjusted EPS of $0.51 was in&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36849987/why-is-johnson-controls-stock-taking-a-hit-today" rel="noreferrer noopener">line with the street view</a>.
Johnson Controls revised FY24 adjusted EPS outlook from $3.65-$3.80 to&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$3.60-$3.75 (street view: $3.66)</a>.
Linzey writes that the company&#8217;s quarterly performance (and expectations thereof) had been uneven, with the company failing to give any confidence in its ability to consistently execute and improve cash generation.&nbsp;
The analyst cites incremental demand weakness, particularly in China (APAC -21%), and poor backlog execution as a cause of the FY24 guidance cut. Linzey currently estimates EPS of $3.63 for FY24 and $3.97 for FY25.
Price Action: ALLE shares are trading higher by 0.07% at $129.74 and JCI is up 0.73% at $58.69 on the last check Friday.
Photo via Shutterstock

During the last three months, 4 analysts shared their evaluations of Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $129.75, with a high estimate of $140.00 and a low estimate of $119.00. Witnessing a positive shift, the current average has risen by 2.37% from the previous average price target of $126.75.
<img src="https://www.benzinga.com/files/images/story/2024/1708531218_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of Allegion among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$121.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$140.00</td>
<td>$139.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$139.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$119.00</td>
<td>$130.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Allegion. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Allegion compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Allegion's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Allegion's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ALLE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allegion analyst ratings.</a>
<h2>All You Need to Know About Allegion</h2>
Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2022, Allegion generated 73% of sales in the United States. The company mainly competes with Sweden-based Assa Abloy and Switzerland-based Dormakaba.
<h3>Unraveling the Financial Story of Allegion</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Allegion's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 0.46%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Allegion's net margin excels beyond industry benchmarks, reaching 17.03%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Allegion's ROE stands out, surpassing industry averages. With an impressive ROE of 13.19%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Allegion's ROA excels beyond industry benchmarks, reaching 3.75%. This signifies efficient management of assets and strong financial health.
Debt Management: Allegion's debt-to-equity ratio stands notably higher than the industry average, reaching 1.64. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Allegion Analyst Ratings

ABCL

ADEA

AMPL

ANDE

AROC

AVNS

AXSM

BTCY

BYON

CAMT

CMTG

CRNT

CSGP

DBRG

DFIN

ENLC

ENVX

ESRT

ETRN

EXPD

FANG

GATO

GMED

HALO

HCKT

ILPT

INST

JBGS

KEYS

LAND

LGIH

MATX

MFIN

MIDD

MTDR

MTTR

NXRT

PANW

QUAD

SEDG

SEVN

SKWD

SMMT

SPNS

SPNT

TCMD

TDOC

Earnings Scheduled For February 20, 2024

<div>Full-year reported revenue growth is estimated to be&nbsp;1.5%&nbsp;to&nbsp;3.5%, with organic revenue growth estimated to be&nbsp;1%&nbsp;to&nbsp;3%. Full-year adjusted EPS is estimated to be&nbsp;$7.00&nbsp;to&nbsp;$7.15. Available cash flow is estimated to be&nbsp;$540&nbsp;to&nbsp;$570 million.</div>

Guidance

Allegion Expects FY24 Adjusted EPS Between $7.00-$7.15 Vs. $7.04 Estimate, Sees FY24 Revenue Growth Of  1.5%-3.5%

Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) reported its Q4 earnings results on Tuesday, February 20, 2024 at 05:30 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Allegion beat estimated earnings by 5.66%, reporting an EPS of $1.68 versus an estimate of $1.59.
Revenue was up $35.90 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.21 which was followed by a 0.57% increase in the share price the next day.
Here's a look at Allegion's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.73</td>
<td>1.72</td>
<td>1.35</td>
<td>1.38</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.94</td>
<td>1.76</td>
<td>1.58</td>
<td>1.60</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>910.41M</td>
<td>938.22M</td>
<td>844.80M</td>
<td>848.69M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>917.90M</td>
<td>912.50M</td>
<td>923.00M</td>
<td>861.50M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Allegion <a href="https://www.benzinga.com/quote/ALLE/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Allegion Q4 Earnings

Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) reported adjusted quarterly earnings of $1.68 per share which beat the analyst consensus estimate of $1.59 by 5.66 percent. This is a 5 percent increase over earnings of $1.60 per share from the same period last year. The company reported quarterly sales of $897.40 million which missed the analyst consensus estimate of $902.10 million by 0.52 percent. This is a 4.17 percent increase over sales of $861.50 million the same period last year.

Allegion Q4 Adj. EPS $1.68 Beats $1.59 Estimate, Sales $897.40M Miss $902.10M Estimate

Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that Allegion will report an earnings per share (EPS) of $1.59. 
Allegion bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.21, which was followed by a 0.57% increase in the share price the next day.
Here's a look at Allegion's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.73</td>
<td>1.72</td>
<td>1.35</td>
<td>1.38</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.94</td>
<td>1.76</td>
<td>1.58</td>
<td>1.60</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.57%</td>
<td>-1.53%</td>
<td>3.67%</td>
<td>0.57%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708369287_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Allegion were trading at $133.31 as of February 15. Over the last 52-week period, shares are up 15.14%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/ALLE/earnings">To track all earnings releases for Allegion visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Allegion's Earnings: A Preview

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Shares of several companies in the broader industrial sector are trading lower as stocks fall following a greater-than-expected increase in January inflation data.

The dividend is payable on March 29, 2024, to shareholders of record on March 15, 2024.

Dividends

Allegion Boosts Quarterly Dividend By 7% From $0.45 To $0.48 Per Share

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Allegion Acquires Boss Door Controls; Terms Not Disclosed

Wells Fargo analyst Joseph O'Dea maintains Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) with a Overweight and raises the price target from $119 to $139.

Wells Fargo Maintains Overweight on Allegion, Raises Price Target to $139

Thursday marks the last chance for investors to receive the next dividend payout from Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 45 cents per share. On Friday, Allegion will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 45 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own ALLE as of the end of Thursday's session are eligible to receive the 45 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 29, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/quote/ALLE">Monitor live stock price updates for Allegion on Benzinga.</a>

Allegion: Dividend Insights

Barclays analyst Julian Mitchell downgrades Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) from Overweight to Equal-Weight and lowers the price target from $130 to $119.

Barclays Downgrades Allegion to Equal-Weight, Lowers Price Target to $119

Wall Street is positive on Allegion PLC (ALLE). On average, analysts give ALLE a Buy rating. The average price target is $118.857, which means analysts expect the stock to lose by -11.18% over the next twelve months.That average ranking earns ALLE an Analyst Rating of 14, which is better than 14% of stocks based on data co

Analyst Rating: Will Allegion PLC (ALLE) Stock Do Better Than the Market?

Allegion PLC (ALLE) stock is up 4.08% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. Allegion PLC has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ALLE!See Full ALLE ReportWhat is Stock Sentiment?In investing, sentiment generally

Allegion PLC (ALLE) Stock: What Does the Chart Say Thursday?

Dividend Champion, Contender, And Challenger Highlights: Week Of March 24

Wells Fargo Sticks to Their Hold Rating for Allegion (ALLE)

Allegion files automatic mixed shelf

In a report released today, Julian Mitchell from Barclays maintained a Hold rating on Allegion (ALLE – Research Report), with a price target of $12...

Barclays Sticks to Its Hold Rating for Allegion (ALLE)

Allegion (ALLE) Gets a Hold from Wells Fargo

Allegion declares $0.48 dividend

Allegion (ALLE) Receives a Hold from Wells Fargo

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