Allegion plc's first-quarter revenue rose to $1.03 billion, a 9.7% year-on-year increase, indicating strong growth despite market pressures. However, Bank of America downgraded its stock price target from $157 to $150 while maintaining a Neutral rating, causing the stock to decline by 8.7% over the past month. This comes as the company grapples with weak demand in the residential security sector, overshadowing its positive revenue performance.
“Allegion · reported revenues of · $1.03 billion · up 9.7% year on year”
“BofA · lowered the price target for Allegion plc (NYSE:ALLE) to · $150 · from $157”
“BofA · retained a rating on the shares of Allegion plc (NYSE:ALLE) · Neutral”
“The CEO, John H. Stone · said that Allegion plc (NYSE:ALLE) had a first quarter with · a lot of revenue growth”
“Allegion · has one-month return · negative · -8.7%”
“Allegion plc · is · a global security products and solutions provider · true”
“ALLE · announced a cash dividend of · $0.55 · with an ex-date of Jun. 15, 2026”
“Allegion's recent earnings report · showed · revenue · $1.03 billion”
“Allegion plc · employs · 13,300 · full-time employees”
“Allegion Plc · engages in the provision of · security products and solutions · that keep people safe, secure, and productive”
“Allegion · operates through · Allegion Americas and Allegion International segments”
“Allegion · has · 13,300 employees”
