J.P. Morgan Remains a Buy on Allegion (ALLE)

In a report released today, Tomohiko Sano from J.P. Morgan maintained a Buy rating on Allegion, with a price target of $180.00.

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According to TipRanks, Sano is an analyst with an average return of -1.1% and a 31.08% success rate. Sano covers the Industrials sector, focusing on stocks such as Helios Technologies, TIC Solutions, and Great Lakes Dredge & Dock.

In addition to J.P. Morgan, Allegion also received a Buy from TipRanks – xAI’s xAi Security and Protection Services in a report issued yesterday. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Allegion (NYSE: ALLE).

Based on Allegion’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.03 billion and a net profit of $147.5 million. In comparison, last year the company earned a revenue of $945.6 million and had a net profit of $144.1 million

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is neutral on the stock. Last month, Steven Mizell, a Director at ALLE sold 1,000.00 shares for a total of $161,510.00.