Core Viewpoint - Allegion plc (ALLE) has shown strong stock performance, significantly outperforming the broader market and specific sector indices over the past year, driven by robust non-residential demand and electronics growth, despite challenges in the residential market [2][6]. Group 1: Company Overview - Allegion plc, headquartered in Dublin, Ireland, specializes in manufacturing and marketing mechanical and electronic security products and solutions, with a market capitalization of $14 billion [1]. - The company offers a range of products including door controls, locks, electronic security systems, and time and attendance solutions under well-known brands such as Schlage, CISA, and Von Duprin [1]. Group 2: Stock Performance - Over the past year, ALLE shares have increased by 29.2%, while the S&P 500 Index has risen by 12.3% [2]. - In 2026, ALLE stock has seen a year-to-date increase of 2.1%, outperforming the S&P 500's marginal rise [2]. - Compared to the Industrial Select Sector SPDR Fund (XLI), which gained about 26.3% over the past year, ALLE's performance remains strong, although the ETF's 12.8% year-to-date gains have surpassed ALLE's single-digit returns [3]. Group 3: Financial Performance - Allegion's performance has been bolstered by strong non-residential demand, which delivered high single-digit organic growth, and electronics revenue, which grew in the low double digits, particularly in Western Europe and the DACH region [6]. - In Q4, ALLE reported an adjusted EPS of $1.94, which fell short of Wall Street expectations of $2.01, while revenue met forecasts at $1 billion [7]. - For the full fiscal year, ALLE expects adjusted EPS to be in the range of $8.70 to $8.90 [7]. Group 4: Analyst Expectations - Analysts project a 7.4% growth in ALLE's EPS for fiscal 2026, estimating it to reach $8.74 on a diluted basis [8]. - The company's earnings surprise history is mixed, with three out of the last four quarters beating consensus estimates [8]. - Among 12 analysts covering ALLE stock, the consensus rating is a "Moderate Buy," consisting of three "Strong Buy" ratings and nine "Holds" [8]. Group 5: Analyst Ratings - Joe O'Dea from Wells Fargo & Company has maintained a "Hold" rating on ALLE with a price target of $175, indicating a potential upside of 7.6% from current levels [9].