Americas organic growth - Q2 organic revenue growth was led by the Americas region, driven by volume growth and price realization in both non-residential and residential segments
Margin expansion - Adjusted operating margin increased due to favorable volume leverage and positive price and productivity net of inflation and investment (PPII)
Weak European demand - International segment organic revenue declined, primarily due to weaker demand in core European markets
Outlook raised for 2026
Allegion raises 2026 reported revenue growth outlook to 7.5%-8.5%
Company lifts 2026 organic revenue growth outlook to 3.5%-4.5%
Allegion now sees 2026 adjusted EPS at $8.85-$9.00
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Allegion PLC is $167.50, about 19.7% above its July 22 closing price of $139.95
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago
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