TSX gains after CPI shows US inflation rose 3%
Allegion PLC stock reached a significant milestone, achieving an all-time high of 180.36 USD, marking an impressive 45% surge over the past six months. InvestingPro analysis reveals the company boasts a perfect Piotroski Score of 9, indicating exceptional financial strength. This accomplishment underscores the company’s robust performance over the past year, during which its stock has appreciated by 19.63%. With a market capitalization of $15.46 billion and an overall "GREAT" financial health rating from InvestingPro, Allegion has demonstrated strong fundamentals. The steady climb in Allegion’s stock price reflects investor confidence and the company’s strong market position, supported by consistent dividend payments for 12 consecutive years. This new peak demonstrates Allegion’s ability to navigate market challenges and capitalize on growth opportunities, solidifying its standing in the industry. Discover 12 additional exclusive insights about Allegion’s performance with an InvestingPro subscription, including detailed analysis in the comprehensive Pro Research Report.
In other recent news, Allegion has declared a quarterly dividend of $0.51 per share, payable on September 30, 2025, to shareholders of record as of September 15, 2025. The company has also introduced the Schlage Performance Series Locks, targeting commercial and multifamily projects with a focus on balancing cost and security. Additionally, Zentra, a brand of Allegion, has become the first to offer resident key capability in Google Wallet for multifamily properties, enabling contactless access via Android devices and Google smartwatches.
In terms of analyst activity, Mizuho has raised its price target for Allegion to $170, citing discussions with company executives about the resilience of end-markets. Barclays has upgraded Allegion from Underweight to Equalweight, increasing its price target to $163 based on an improved outlook for non-residential construction markets. These developments reflect a broader confidence in Allegion’s strategic initiatives and market positioning.
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