Allegion downgraded by Wells Fargo with a new price target
$ALLE
Diversified Commercial Services
Consumer Discretionary
Wells Fargo downgraded Allegion from Overweight to Equal Weight and set a new price target of $140.00 from $139.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 | |
| 1/3/2023 | $128.00 | Hold → Buy | Vertical Research |
| 7/11/2022 | $110.00 | Neutral → Underperform | BofA Securities |
Allegion plc (NYSE:ALLE) a leading global security products and solutions provider, has reappointed Jeff Braun as senior vice president, general counsel and corporate secretary. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112320209/en/Jeff Braun (Photo: Business Wire) This role was most recently held by Stacy Cozad, who has left the company. Braun previously served as general counsel at Allegion for more than 10 years. His experience additionally spans work at Ingersoll Rand, General Motors and a private law firm. Braun earned his juris doctor degree magna cum laude from Harvard University Law School. About Allegion
Allegion plc (NYSE:ALLE) President and CEO John H. Stone as well as Senior Vice President and Chief Financial Officer Mike Wagnes will discuss the company's long-term strategy at the 2024 Baird Global Industrial Conference on Wednesday, Nov. 13. The conference will be held at The Ritz-Carlton Chicago. A live listen-only webcast will be accessible via Allegion's investor website at investor.allegion.com or directly by clicking here. About Allegion Allegion (NYSE:ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets wit
Revenue growth and margin expansion mark strong third-quarter performance Quarterly Financial Highlights (All comparisons against the third quarter of 2023, unless otherwise noted) Net earnings per share (EPS) of $1.99, up 12.4% compared with $1.77; Adjusted EPS of $2.16, up 11.3% compared with $1.94 Revenues of $967.1 million, up 5.4% on a reported basis and up 3.3% on an organic basis Operating margin of 22.2%, compared with 21.0%; Adjusted operating margin of 24.2%, up 100 basis points compared with 23.2% Full-Year Outlook Highlights Affirming full-year reported revenue growth range of 2.5% to 3.5% Raising full-year adjusted EPS outlook to a range of $7.35 to $7.45 Affirm
Allegion (NYSE:ALLE) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 1 3 0 Last 30D 0 0 0 1 0 1M Ago 0 0 1 1 0 2M Ago 0 0 0 1 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $117.5, with a high estimate of $125.00 and a low estimate of $112.00. Experiencing a 4.28% decline, the current ave
Barclays analyst Julian Mitchell maintains Allegion (NYSE:ALLE) with a Underweight and raises the price target from $112 to $117.
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Revenue growth and margin expansion mark strong third-quarter performance Quarterly Financial Highlights (All comparisons against the third quarter of 2023, unless otherwise noted) Net earnings per share (EPS) of $1.99, up 12.4% compared with $1.77; Adjusted EPS of $2.16, up 11.3% compared with $1.94 Revenues of $967.1 million, up 5.4% on a reported basis and up 3.3% on an organic basis Operating margin of 22.2%, compared with 21.0%; Adjusted operating margin of 24.2%, up 100 basis points compared with 23.2% Full-Year Outlook Highlights Affirming full-year reported revenue growth range of 2.5% to 3.5% Raising full-year adjusted EPS outlook to a range of $7.35 to $7.45 Affirm
Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, through one of its subsidiaries, has acquired SOSS Door Hardware (SOSS). A leading manufacturer of premium hinges and door hardware, SOSS primarily sells its solutions in North American non-residential markets. Founded in 1903, the company invented the concealed hinge; today, it's signature SOSS Invisible Hinge as well as fire-rated, heavy-duty and other specialty hinges are popular across industrial, commercial and institutional spaces. SOSS will report into the Allegion Americas segment, led by Allegion Senior Vice President Dave Ilardi. "SOSS is a pioneer with more than a century of manufacturing high
Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, will release its 2024 third-quarter financial results on Thursday, Oct. 24, before the market opens. Later that morning, John H. Stone, president and CEO, and Mike Wagnes, senior vice president and chief financial officer, will conduct a conference call for analysts and investors, beginning at 8 a.m. ET, to review the company's results. A real-time, listen-only webcast of the conference call will be broadcast live, through the company's website at https://investor.allegion.com/. The conference call may be accessed by dialing 1-877-883-0383 in the United States or 1-412-902-6506 internationally and enterin
8-K - Allegion plc (0001579241) (Filer)
10-Q - Allegion plc (0001579241) (Filer)
10-Q - Allegion plc (0001579241) (Filer)
Barclays downgraded Allegion from Equal Weight to Underweight and set a new price target of $116.00 from $122.00 previously
Mizuho downgraded Allegion from Buy to Neutral and set a new price target of $141.00 from $140.00 previously
Wells Fargo downgraded Allegion from Overweight to Equal Weight and set a new price target of $140.00 from $139.00 previously
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
Two Leaders in K-12 Space Form New Collaboration, Connecting Efforts to Help Make Schools Safer Together CARMEL, Ind., Feb. 14, 2024 /PRNewswire/ -- Allegion US, a leading security products and solutions provider, is now a Mission Partner of The "I Love U Guys" Foundation, which operates programs for schools' crisis response. Partnering with The "I Love U Guys" Foundation reflects Allegion's ongoing efforts to drive productive conversations on school security and support organizations that are advocating for safer students, every day. As a company that has a mission of pioneer