Gain detailed insights into the trading activity of Congress members for Allegion on our government trades page. Stay updated on how elected officials are investing in ALLE.

Allegion - Government Trades

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.

Earnings

News

Small Cap

Federal Reserve

Markets

Analyst Ratings

Tech

Trading Ideas

ALLE

HLIO

LXFR

The U.S. manufacturing sector is finally showing signs of recovery after months of struggle that saw demand slowing due to inflationary pressures and higher borrowing costs. However, with inflation finally showing signs of cooling, demand is rebounding.

5 Stocks to Buy on a Steady Rebound in Manufacturing Activity

ALLE Logo

Equities

General

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

Long Ideas

Pre-Market Outlook

HTLD

ILMN

TTSH

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

RealEstate.OfficeBuildings.Shutterstock

Analyst Color

Large Cap

Downgrades

Price Target

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

Insider Trades

ASAN

Although U.S. stocks closed higher on Friday, there were a few notable insider trades.

Insiders Buying Allegion, Asana And This Financial Services Stock

GNTX

MBLY

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

$10 Million Bet On This Consumer Cyclical Stock? 4 Stocks Insiders Are Buying

BYND

COST

NVDA

SFIX


	Deutsche Bank boosted the price target for  Costco Wholesale Corporation  (NASDAQ: COST) from $579 to $581. Costco shares rose 0.7% to $502.93 on Wednesday.


Costco To Surge Around 16%? Plus This Analyst Predicts $190 For NVIDIA

Guidance

Movers

AMZN

PTON

Peloton&#39;s Q4 Highlights: 28% Decline In Revenue, Focus On Restructuring, Inventory Reduction &amp; More

STLA

Stellantis Registers 14% Pro Forma Revenue Growth In FY21

Reiteration

Read How Analysts Reacted To Allegion&#39;s Q4 Results

Allegion PLC

ALLENERGY INC by Allenergy Inc.

ALLETE Inc

ALLEGHENY&WEST RY CAP6GTD by Allegheny & Western Railway Co.

Allegheny & Western Railway

ALLEGIANT GOLD LTD by Allegiant Gold Ltd.

Allegiant Gold Ltd

ALLEGIANT PROFESSNL B/S by Allegiant Professional Business Services, Inc.

Allegiant Professional Business Services Inc

Allegiant Travel Co

Allego NV

ALLEGRA MEDICAL TECHNOLGY by ALLEGRA MEDICAL TECHNOLOGIES LTD.

Allegra Medical Technologies Ltd

Allegro MicroSystems, Inc. - Common Stock

Allegro Microsystems Inc

Allegro.EU SA

SANDVIK MATLS TECH HLDG by SANDVIK MATLS TECHNOLOGY HLDG AB

Alleima AB

Allena Pharmaceuticals Inc

ALLERGY THERAPEUTICS PLC by Allergy Therapeutics Plc.

Allergy Therapeutics PLC

The U.S. manufacturing sector is finally showing signs of recovery after months of struggle that saw demand slowing due to inflationary pressures and higher borrowing costs. However, with inflation finally showing signs of cooling, demand is rebounding.
The U.S. Census Bureau reported that orders for U.S. manufactured capital goods, made to last more than three years, rose 0.1% in May, higher than the consensus estimate of a decline of 0.1%.
Although the rise was lower than April&#39;s jump of 0.6%, the positive sign is that orders are growing steadily. Durable goods orders for items such as toasters to aircraft rose 0.1% in May after a downwardly revised 0.2% gain in April.
The report comes days after the Federal Reserve said that production at U.S. factories rose at a robust pace in May. According to the report, manufacturing output jumped 0.9% in May from a downwardly revised 0.4% decline in April. Year over year, production at U.S. factories increased 0.1% in May.
Inflation has been a major threat to the manufacturing sector. The consumer price index remained unchanged in May after increasing 0.3% in April. Year over year, CPI rose 3.3%, lower than the consensus estimate of a rise of 3.4%.
Although inflation remains higher than the Federal Reserve&#39;s 2% target, it has finally started easing after increasing in the first quarter.
Federal Reserve Chairman Jerome Powell said in his June post-FOMC meeting statement that the Fed sees only one rate cut this year, which is lower than the three projected in its March meeting.
However, even a minor 0.25% rate cut is being seen positively, especially considering that a large number of market participants had previously anticipated no rate cuts in 2024.
Moreover, the recent FOMC &quot;dot plot&quot; suggests a projected total reduction of 1% in interest rates by 2025. This outlook indicates that the Fed funds rate is expected to decrease to 4.1% by the end of 2025, which bodes well for the manufacturing sector and the broader economy.
<h3>Our Choices</h3>
Given this scenario, it would be ideal to invest in five&nbsp;industrial stocks such as Allegion plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alle#NYSE">ALLE</a>), AptarGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atr#NYSE">ATR</a>), EnerSys (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ens#NYSE">ENS</a>), Helios Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlio#NYSE">HLIO</a>) and Luxfer Holdings PLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lxfr#NYSE">LXFR</a>). These stocks have a Zacks Rank #1 (Strong Buy) or 2 (Buy) and assure good returns.
Allegion plc is a leading global provider of security products and solutions for business and domestic purposes. ALLE offers an extensive portfolio of mechanical and electronic security products, including doors and door systems, electronic security products, biometric and mobile access control systems, locks, locksets, exit devices, portable locks, and workforce productivity systems and other accessories.
Allegion&#39;s expected earnings growth for the current year is 1.9%. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the past 60 days. ALLE currently has a Zacks Rank #2.
AptarGroup, Inc. is a global supplier of a broad range of innovative dispensing, sealing, and active packaging solutions for the beauty, personal care, home care, prescription drug, consumer health care, injectables, food and beverage markets. ATR&#39;s main products include dispensing pumps, closures, aerosol valves, and elastomeric primary packaging components.
AptarGroup&#39;s expected earnings growth for the current year is 12.1%. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the past 60 days. ATR presently has a Zacks Rank #2.
EnerSys engages in manufacturing, marketing and distribution of various industrial batteries. Additionally, ENS develops battery chargers and accessories, power equipment and outdoor cabinet enclosures. This apart, EnerSys provides support services for clients.
EnerSys&#39; expected earnings growth for the current year is 4.7%. The Zacks Consensus Estimate for current-year earnings has improved 3.9% over the past 60 days. ENS presently carries a Zacks Rank #2.
Helios Technologies, Inc. is an industrial technology company. HLIO develops and manufactures hydraulic and electronic control solutions. Helios Technologies&#39; operating subsidiaries include Sun Hydraulics, Enovation Controls and Faster Group.
Helios Technologies&#39; expected earnings growth for the current year is 9%. The Zacks Consensus Estimate for next-year earnings has improved 5.4% over the past 60 days.&nbsp; HLIO has a Zacks Rank #2.
Luxfer Holdings PLC is a materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders. LXFR has two divisions, Elektron and Gas Cylinders.
Luxfer Holdings PLC&#39;s expected earnings growth for the current year is 37.7%. The Zacks Consensus Estimate for current-year earnings has improved 13.5% over the past 60 days. LXFR currently carries a Zacks Rank #2.
<a href="https://www.zacks.com/stock/news/2294907/5-stocks-to-buy-on-a-steady-rebound-in-manufacturing-activity?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2294907">To read this article on Zacks.com click here.</a>

&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4194253-1&amp;h=314115142&amp;u=https%3A%2F%2Fzentra.co%2F&amp;a=Zentra" target="_blank">Zentra</a>, a brand of&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4194253-1&amp;h=4056336809&amp;u=https%3A%2F%2Fus.allegion.com%2F&amp;a=Allegion" target="_blank">Allegion</a>&reg;, and leading provider of smart access solutions, has integrated resident keys capability in Apple Wallet for use by customers and their residents. This enables residents to easily and securely add their resident keys to Apple Wallet and unlock their apartment with a simple tap of an iPhone or Apple Watch.&nbsp;

Reported Wednesday, Zentra Introduced Apple Wallet Integration For Effortless Multifamily Building Access

WIIM

AMSC

AZEK

BECN

BLDR

BLNK

CARR

CTRI

ENVX

FLNC

HAYW

HUBB

IESC

JCSE

POWL

REZI

ROAD

SHIM

STRL

TGLS

TREX

TTEK

UFPI

Shares of several industrial companies are trading higher amid overall market strength following positive inflation data.

Barclays analyst Julian Mitchell downgrades Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) from Equal-Weight to Underweight and lowers the price target from $122 to $116.

Barclays Downgrades Allegion to Underweight, Lowers Price Target to $116

Based in the Los Angeles, California, area, Krieger is a manufacturer of special purpose doors and windows for industrial, commercial and institutional markets.&nbsp;
Krieger will operate as part of the Allegion Americas segment, led by Allegion Senior Vice President Dave Ilardi.

Allegion Acquires Krieger Specialty Products LLC; Terms Not Disclosed

Reported Earlier, Allegion Prices Offering $400M 5.600% Senior Unsecured Notes Due 2034

Full-year 2024 revenues are expected to increase&nbsp;1.5%&nbsp;to&nbsp;3.5%&nbsp;on a reported basis and increase&nbsp;1%&nbsp;to&nbsp;3%&nbsp;organically, after excluding the expected impacts of acquisitions, divestitures and foreign currency movements.

Allegion Reaffirmed FY24 Outlook: Adjusted EPS At $7.00-$7.15 Vs. $7.07 Estimate, Revenue Growth At 1.5%-3.5%

Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.45 by 6.9 percent. The company reported quarterly sales of $893.900 million which beat the analyst consensus estimate of $884.249 million by 1.09 percent. This is a 3.15 percent decrease over sales of $923.000 million the same period last year.

Earnings Beats

Allegion Q1 2024 Adj EPS $1.55 Beats $1.45 Estimate, Sales $893.900M Beat $884.249M Estimate

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.

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.

GOOG

GOOGL

Allegion Expands Mobile Credential Offering With Google Wallet

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

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>

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

In a report released today, Julian Mitchell from Barclays downgraded Allegion (ALLE – Research Report) to a Sell, with a price target of $116.00. T...

Allegion (ALLE) Receives a New Rating from a Top Analyst

Allegion acquires Krieger Specialty Products

Stanley Black & Decker downgraded at Barclays on non-residential weakness

Dividend Champion, Contender, And Challenger Highlights: Week Of June 9

Allegion buys Canada-based Unicel Architectural

Wells Fargo Reaffirms Their Hold Rating on Allegion (ALLE)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on Allegion (ALLE – Research Report), United Pa...

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: Allegion (ALLE), United Parcel (UPS) and ARAMARK Holdings (ARMK)


Daniel GoldmanHouse (D-NY)	$1K - $15K	stock	Sale	Aug 13, 2023	Jul 10, 2023	House
Tommy TubervilleSenate (R-AL)	$1K - $15K	stock	Sale	May 11, 2023	Apr 03, 2023	Senate
Tommy TubervilleSenate (R-AL)	$1K - $15K	stock	Purchase	Oct 15, 2021	Sep 30, 2021	Senate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government Trades

Allegion PLC

top performing ALLE trades