Allegion downgraded by Mizuho with a new price target
$ALLE
Diversified Commercial Services
Consumer Discretionary
Mizuho downgraded Allegion from Buy to Neutral and set a new price target of $141.00 from $140.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2025 | $170.00 | Overweight | Analyst |
| 1/6/2025 | $137.00 | Equal-Weight | Morgan Stanley |
| 6/4/2024 | $122.00 → $116.00 | Equal Weight → Underweight | Barclays |
| 2/23/2024 | $140.00 → $141.00 | Buy → Neutral | Mizuho |
| 2/21/2024 | $139.00 → $140.00 | Overweight → Equal Weight | Wells Fargo |
| 12/4/2023 | $130.00 → $119.00 | Overweight → Equal Weight | Barclays |
| 10/19/2023 | $128.00 → $100.00 | Buy → Hold | Vertical Research |
| 9/6/2023 | Buy → Neutral | Longbow |
America's Most Trusted Lock brand1 offers new, limited-release collection of innovative, design-forward door hardware solutions CARMEL, Ind., June 16, 2025 /PRNewswire/ -- Schlage, a trusted leader in door hardware for over a century, is proud to introduce its new design and innovation studio, Pin & Tumbler™ A Studio by Schlage. Offering exclusive, limited-release solutions direct to consumers through Schlage.com and driving thought leadership collaborations, the studio will accelerate innovation in residential access solutions with a focus on style, technology, ease and convenience.
Expands Allegion's global electronics portfolio in high-growth, attractive end markets €330 million purchase price on a cash-free, debt-free basis; Implies 2026E adjusted EBITDA multiple of approximately 18x Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has signed a definitive agreement to acquire ELATEC, including Elatec GmbH and other group entities, ("ELATEC") from Summit Partners for €330 million on a cash-free, debt-free basis. Allegion expects to fund the acquisition through a combination of cash on hand and borrowings under its existing revolving credit facility. ELATEC is a leading manufacturer of secur
A cutting-edge technology integration designed to streamline multifamily property access and security management CARMEL, Ind., June 9, 2025 /PRNewswire/ -- Allegion US, a leading provider of security solutions, technology and services, will showcase the seamless integration of Schlage XE360™ electronic locks with Zentra, a game-changing access control solution for property managers and facility executives, at Apartmentalize. Built on Allegion's legacy of security excellence, Zentra offers a user-friendly experience based on insights from property managers and maintenance staff
8-K - Allegion plc (0001579241) (Filer)
8-K - Allegion plc (0001579241) (Filer)
SD - Allegion plc (0001579241) (Filer)
Expands Allegion's global electronics portfolio in high-growth, attractive end markets €330 million purchase price on a cash-free, debt-free basis; Implies 2026E adjusted EBITDA multiple of approximately 18x Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has signed a definitive agreement to acquire ELATEC, including Elatec GmbH and other group entities, ("ELATEC") from Summit Partners for €330 million on a cash-free, debt-free basis. Allegion expects to fund the acquisition through a combination of cash on hand and borrowings under its existing revolving credit facility. ELATEC is a leading manufacturer of secur
Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has acquired Nova Hardware Pty Ltd (Novas), an architectural door hardware business based in Victoria, Australia. Founded in 1996, Novas is a trusted brand among developers, architects and builders. Known for its high-quality security portfolio, Novas designs and sells mechanical and electronic locks, door closers and seals, hinges, pulls and levers as well as master keying solutions, primarily in Australian multifamily and commercial markets. Novas is strategically aligned to Allegion's presence in the region, and this acquisition offers both companies expanded opportunit
Solid execution drives strong margin expansion and operating leverage Quarterly Financial Highlights (All comparisons against the first quarter of 2024, unless otherwise noted) Net earnings per share (EPS) of $1.71, up 21.3% compared with $1.41; Adjusted EPS of $1.86, up 20.0% compared with $1.55 Revenues of $941.9 million, up 5.4% on a reported basis and up 4.0% on an organic basis Operating margin of 20.9%, compared with 19.3%; Adjusted operating margin of 22.7%, up 150 basis points compared with 21.2% Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, today reported financial results for its first quarter (ended March 31, 2025). "Allegion is o
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Analyst initiated coverage of Allegion with a rating of Overweight and set a new price target of $170.00
Morgan Stanley initiated coverage of Allegion with a rating of Equal-Weight and set a new price target of $137.00
Barclays downgraded Allegion from Equal Weight to Underweight and set a new price target of $116.00 from $122.00 previously
Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, has appointed Gregg Sengstack, executive chairperson of Franklin Electric Company, Inc., to the Allegion Board of Directors (Board). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241204231219/en/Gregg C. Sengstack (Photo: Business Wire) With Sengstack's appointment, Allegion has a nine-member board, including eight independent directors. Sengstack will sit on the Board's Audit and Finance Committee, Compensation and Human Capital Committee as well as its Corporate Governance and Nominating Committee. "Gregg brings a wealth of knowledge and sk
Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, has appointed Stacy Cozad as senior vice president, general counsel and corporate secretary, effective Aug. 5, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701071652/en/Stacy Cozad (Photo: Business Wire) In this role, Cozad will have responsibility for Allegion's global legal affairs, trade compliance, enterprise risk management and corporate communications functions. She will succeed Jeff Braun, who has announced plans to retire on Dec. 31, 2024, and will serve as an advisor during the transition. Cozad has nearly 30 years of exper
Allegion addresses the challenges of modern security with innovative products and services that link the world to seamless and secure access LAS VEGAS, April 9, 2024 /PRNewswire/ -- Allegion US, a leading provider of security solutions, technology and services, will be exhibiting and demonstrating new interoperable electronic access control technologies and software at the ISC West 2024 (booth # 20055), the security industry's most comprehensive and converged trade show occurring from April 9-12, 2024, at the Venetian Expo in Las Vegas. "At Allegion, we're committed to innova