Allegion

Allegion reported Q2 revenue of about $1.2 billion, up 12.7%, and adjusted EPS of $2.40, up 17.6%, driven by strong Americas demand (organic +8.9%). The company raised 2026 reported revenue growth to 7.5%–8.5% and adjusted EPS to $8.85–$9.00, while lowering International organic outlook after softer European demand (International organic -1.2%). Management cited ERP-related recovery, restructuring actions expected to yield ~$10 million in annual savings, continued focus on electronics and data centers, and returned capital with $120 million of buybacks and $47 million in dividends in the quarter. » More on finance.yahoo.com

Allegion shares fell to a 52-week low of $131.16 and are currently trading close to that level at $131.52. Year to date the stock is down about 16.6%, and nearly 21% over six months. Allegion reported Q1 EPS of $1.80 (expectation $1.89) on revenue that rose 9.7% to $1.03 billion, after which Barclays cut its price target from $165 to $161. Analyst data suggest near-term valuation pressure, while dividend increases over 12 years point to financial resilience. » More on de.investing.com

BofA cut its price target for Allegion to $150 from $157 but maintained a Neutral rating, citing softer-than-expected Q1 results and weaker sector multiples. Allegion reported Q1 revenue of $1.03 billion (+9.7% y/y), adjusted EPS of $1.80 (down 3.2% y/y) and operating income of $195.3 million, with operating margin at 18.9% and adjusted operating margin at 21.2%, both below last year. CEO John H. Stone highlighted revenue growth in Americas non-residential and electronics businesses. » More on finance.yahoo.com