Allegion
Makes locks, door controls, automatic entrances, and connected access systems.
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Profile
Sells mechanical and electronic locks, exit devices, door controls, automatic entrances, access-control systems, and related software and services for commercial, institutional, and residential buildings. Most revenue comes from the Americas, and products remain the core of the business despite expansion into connected access and recurring services.
Designs and manufactures locks, key systems, exit devices, door controls, automatic entrances, doors and frames, electronic access systems, credentials, and access-management software. Sales span commercial, institutional, and residential buildings, with Schlage, Von Duprin, LCN, CISA, SimonsVoss, Interflex, and Stanley Access Technologies among the core brands. Installation, inspection, maintenance, repair, and subscription software complement a business still dominated by products.
Operations are split between Allegion Americas and Allegion International; most revenue comes from the Americas, while the international segment serves Europe, Asia, and Oceania. Broad brands, specification expertise, regional manufacturing, and distribution relationships support custom-configured door openings and access systems. Demand depends on construction and remodeling activity, channel partners, local building and safety codes, reliable electronic components, and the continued shift from mechanical locks toward connected hardware, credentials, and software.
Company facts
Categories
Key statistics
Year to date −2.1% · Average volume (30d) 1.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 24, 2026 | Robert W. Baird | Target | $165 | $170 | ||
| Jun 3, 2026 | Morgan Stanley | Reiterate | Equal Weight | $115 | $142 | |
| May 15, 2026 | JP Morgan | Downgrade | Overweight | Neutral | ||
| Apr 29, 2026 | Robert W. Baird | Target | $190 | $165 | ||
| Jan 7, 2026 | Barclays | Reiterate | Equal Weight | $126 | $180 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $2.22 | $2.40 | +8.1% | $1.12B | $1.15B | +2.9% | −0.78% |
| Apr 28, 2026Q1 FY26 | $1.88 | $1.80 | −4.3% | $1.03B | $1.03B | +0.7% | −0.36% |
| Feb 17, 2026Q4 FY25 | $2.01 | $1.94 | −3.5% | $1.04B | $1.03B | −0.4% | −0.05% |
| Oct 23, 2025Q3 FY25 | $2.21 | $2.30 | +4.1% | $1.04B | $1.07B | +3.1% | −2.29% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $941.9M | $1.02B | $1.07B | $1.03B | $1.03B | $1.15B | |
| Gross profit | $422.5M | $466.5M | $489.8M | $459.5M | $454.5M | $517.5M | |
| Operating income | $196.4M | $219.7M | $233.8M | $209.6M | $195.3M | $254.7M | |
| Net income | $148.2M | $159.7M | $188.4M | $147.5M | $138.1M | $184.6M | |
| Diluted EPS | $1.71 | $1.85 | $2.18 | $1.70 | $1.59 | $2.15 | |
| Gross margin | 44.9% | 45.6% | 45.8% | 44.5% | 44.0% | 44.9% | |
| Operating margin | 20.9% | 21.5% | 21.8% | 20.3% | 18.9% | 22.1% |
Fiscal years (4-quarter sums)FY21 $2.87B · FY22 $3.27B · FY23 $3.65B · FY24 $3.77B · FY25 $4.07B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $320.6M · Total debt $2.03B · Total assets $5.36B · Shareholders' equity $2.12B
Dividends
Raised for 11 straight years — most recently to $0.55 from $0.51 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.55 | |
| Mar 13, 2026 | Mar 13 | Mar 31 | $0.55 | raised from $0.51 |
| Dec 16, 2025 | Dec 16 | Dec 31 | $0.51 | |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.51 | |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.51 | |
| Mar 14, 2025 | Mar 14 | Mar 31 | $0.51 | raised from $0.48 |
| Dec 17, 2024 | Dec 17 | Dec 31 | $0.48 | |
| Sep 20, 2024 | Sep 20 | Sep 30 | $0.48 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 85.04M · Float 84.75M · 99.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 6.81M | 8.00% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 5.62M | 6.61% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.95M | 5.82% | 13F | Aug 13, 2026 |
| Boston Partners | 4.65M | 5.46% | 13F | Aug 4, 2026 |
| State Street Corp | 4.34M | 5.11% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | David S. Ilardi | officer: President-Amer & SVP-Allegion | −549 | $161.09 |
| Aug 6, 2026 | Vincent Wenos | officer: SVP - Chief Technology Officer | −1,000 | $168.25 |
| Jul 27, 2026 | Timothy P. Eckersley | officer: President-Intl & SVP-Allegion | −6,417 | $157.26 |
| Jul 23, 2026 | Nickolas A. Musial | officer: VP, Controller & CAO | −687 | $155.00 |
| Jul 23, 2026 | Michael J. Wagnes | officer: SVP and CFO | −1,468 | $150.98 |
Peers
- Honeywell Technologies
Enterprise access-control rival strengthened by LenelS2 and Onity
- Johnson Controls
Enterprise building-security overlap in access control and video
- Fortune Brands Innovations
Residential security overlap through Yale, August, and Master Lock
- Napco Security Technologies
Smaller direct peer in electronic locks and access-control panels
- Alarm.com
Software-first access rival for connected properties
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Allegion | $158.87 | +0.86% | $13.39B | 20.7 | 16.8 | 3.1 | +12.7% |
| Honeywell Technologies | $217.85 | +0.18% | $68.91B | 8.4 | 23.7 | 1.9 | −49.9% |
| Johnson Controls | $139.59 | +0.01% | $84.56B | 24.3 | 24.2 | 3.4 | +9.3% |
| Fortune Brands Innovations | $45.50 | −0.02% | $5.43B | 37.0 | 15.1 | 1.2 | −4.1% |
| Napco Security Technologies | $35.20 | −0.48% | $1.26B | 29.5 | 21.5 | 6.2 | +10.0% |
| Alarm.com | $57.47 | −0.03% | $2.84B | 25.4 | 19.6 | 2.7 | +9.2% |
| Median | 25.4 | 21.5 | 2.7 | +9.2% |