BofA Maintains a Neutral Rating on Allegion plc (ALLE)

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.

SentinelOne (S) Partners with Silverfort on AI and Identity Security

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.

While we acknowledge the risk and potential of ALLE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALLE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.