Allegion plc (NYSE:ALLE) is one of the Best Industrial Stocks.
On April 29, 2026, BofA lowered the price target for Allegion plc (NYSE:ALLE) to $150 from $157. It retained a Neutral rating on the shares. The firm noted less than expected first-quarter performance and lower sector multiples.
On April 28, the firm announced its results for the first quarter of 2026. Allegion plc (NYSE:ALLE) made $1.03 billion in revenue. It is 9.7% more than the same time last year. Allegion plc (NYSE:ALLE) also had a 2.6% growth in revenue. The company also secured an income of $138.1 million, which is $1.59 per share, and its adjusted earnings per share were $1.80, being 3.2% less than the year before.
Allegion plc (NYSE:ALLE) had an operating income of $195.3 million. It is 0.6% less than the quarter before. The firm had a 2.6% spike in adjusted operating income.
The firm’s margins dipped. It also reported an operating margin at 18.9% and the adjusted operating margin at 21.2%. It is pertinent to mention that both margins were lower than the previous year.
The CEO, John H. Stone, said that Allegion plc (NYSE:ALLE) had a first quarter with a lot of revenue growth, especially in the Americas’ non-residential and electronics businesses.
Allegion plc (NYSE:ALLE) is a firm that works in the security products and solutions. It works through Allegion Americas and Allegion International segments.
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