Allegion plc · ALLE · FY2025 Q1 · Calendar Q2 2025
Allegion: Non-residential growth offsets tariffs and soft housing
The supplied analysis supports a constructive but conditional view: non-residential demand, electronic locks, new products and acquisitions are supporting growth, while tariffs and residential weakness could limit durability.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
The quarter added emphasis on smart-lock launches and three bolt-on acquisitions, while management reaffirmed full-year adjusted EPS guidance despite tariff costs. The supplied analysis also indicates margin expansion and continued capital returns.
Guidance delta
Maintained: full-year adjusted EPS guidance of $7.65-$7.85 was reaffirmed despite tariff headwinds.
Key takeaways
- Management described 5.4% revenue growth, mid-single-digit organic growth and 150 basis points of margin expansion.
- Americas non-residential demand was the primary growth engine while residential remained soft.
- New smart-lock launches, bolt-on acquisitions and capital returns remain part of the growth and allocation plan.
Management priorities
- Expand non-residential and electronic security growth in the Americas.
- Launch Schlage Sense Pro and Arrive smart locks in the U.S. later in 2025.
- Pursue bolt-on acquisitions while maintaining dividend growth and share repurchases.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 8, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 10, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 24, 2026 |
| Baird | Neutral | Neutral | Maintain | Jul 24, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Jul 24, 2026 |
| Longbow Research | Buy | Neutral | Upgrade | Jun 11, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 29, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Apr 1, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Sep 16, 2025 |
| Mizuho | Neutral | Neutral | Maintain | Jul 25, 2025 |
| UBS | Neutral | Neutral | Maintain | Apr 16, 2024 |
| Vertical Research | Hold | Buy | Downgrade | Oct 19, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Oct 28, 2022 |
| Atlantic Equities | Overweight | Overweight | Maintain | Nov 29, 2021 |
| William Blair | Perform | Market Perform | Maintain | Jun 3, 2020 |
| Imperial Capital | Neutral | Neutral | Maintain | Apr 27, 2020 |
| Berenberg | Hold | Buy | Downgrade | May 2, 2018 |
| Bank of America | Buy | Buy | Maintain | Jul 20, 2017 |
| Wolfe Research | Perform | Peer Perform | Maintain | Jul 11, 2017 |
| CLSA | Outperform | Buy | Maintain | Oct 17, 2016 |
| Bernstein | Outperform | Market Perform | Upgrade | Jan 19, 2016 |
| Susquehanna | Neutral | Neutral | Maintain | Nov 2, 2015 |
| S&P Capital IQ | Buy | Buy | Maintain | Jan 16, 2014 |
| MKM Partners | Buy | Buy | Maintain | Jan 8, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $147.91. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Evercore ISI | Alexander Virgo | $180 | $151.36 | +21.7% | Sep 22, 2026 |
| Robert W. Baird | Timothy Wojs | $170 | $154.57 | +14.9% | Jul 24, 2026 |
| Morgan Stanley | Christopher Snyder | $142 | $129.03 | -4.0% | Jun 3, 2026 |
| Robert W. Baird | Timothy Wojs | $165 | $137.86 | +11.6% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $180 | $161.84 | +21.7% | Jan 7, 2026 |
| Robert W. Baird | Analyst unavailable | $190 | $177.97 | +28.5% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $126 | $130.38 | -14.8% | Mar 26, 2025 |
| Barclays | Julian Mitchell | $134 | $127.42 | -9.4% | Jan 8, 2025 |
| Barclays | Julian Mitchell | $116 | $120.5 | -21.6% | Jun 4, 2024 |
| Morgan Stanley | Joshua Pokrzywinski | $115 | $112.26 | -22.3% | Jun 3, 2022 |
| Credit Suisse | Analyst unavailable | $127 | $114.23 | -14.1% | Apr 27, 2022 |
| Morgan Stanley | Analyst unavailable | $120 | $114.43 | -18.9% | Apr 27, 2022 |
| Wells Fargo | Analyst unavailable | $130 | $113.9 | -12.1% | Apr 27, 2022 |
| Barclays | Julian Mitchell | $150 | $110.13 | +1.4% | Apr 5, 2022 |
| Wells Fargo | Joseph O’Dea | $147 | $115.24 | -0.6% | Feb 16, 2022 |
| UBS | Christopher Snyder | $145 | $137.93 | -2.0% | Jul 23, 2021 |
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Start freeCompany context
Snapshot as of publicationAllegion plc engages in the provision of security products and solutions worldwide. It is operating through two segments: Allegion Americas and Allegion International. The company offers door controls, door control system, and exit devices; doors, glass and door systems, and accessories; electronic security products and access control systems, including time, attendance, and workforce productivity; and locks, locksets, portable locks, and key systems. It also provides services and software, such as inspection, maintenance, and repair services for its automatic entrance solutions; software as a service, including access control, platform integration, and workforce management solutions; and ongoing aftermarket services, and design…
Historical context
All ALLE earningsIndustrials peers this season
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| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
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Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-10T00:01:43.729046+00:00
- Polygon adjusted daily market bars · 2026-10-08T03:10:42.956741+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-08T03:10:42.953913+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-08. For educational purposes only; not investment advice.