Allegion PLC

Allegion makes the hardware that controls who gets through a door. Its range covers mechanical locks, exit devices (the push bars on emergency exits, also called panic hardware), door closers, automatic sliding and swing doors, metal doors and frames, and electronic locks and access-control systems that read access cards or phones. It offers these under more than 40 brands, including Schlage, Von Duprin, LCN, CISA, SimonsVoss, Interflex and Stanley Access Technologies. Ingersoll Rand spun off its security businesses as Allegion, a separate Ireland-incorporated public company, on December 1, 2013.

Customers range from schools, hospitals and government buildings to hotels, stores, offices, apartments and homes. Allegion works with architects, security consultants, contractors and homebuilders to specify the right hardware for each door, since building and safety codes shape what can be installed. Most revenue comes from products, but it also earns fees for inspecting, maintaining and repairing automatic doors in the U.S. and Canada, and from software sold as a subscription.

In the year ended December 31, 2025, Allegion reported net revenue of $4.07 billion and operating income (profit before interest and taxes) of $859.5 million. Mechanical products made up 66.7% of revenue, electronic products 26.4% and services 6.8%. The Allegion Americas segment brought in 79.1% of revenue and Allegion International 20.9%. The U.S. alone accounted for 75%.

• In Q3 FY2026 (ended Sep 30, 2026), revenue was $1.17B, up 9.6% from a year earlier, and net income was $220.9M (+17.3%).
• For fiscal 2025, revenue was $4.07B (+7.8% year over year; +8.4% a year from FY2020 to FY2025) with a 15.8% net margin.

• Over FY2021–FY2025: $833.7M in buybacks and $773.9M in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +9.8% a year over 5 years (FY2020–FY2025).
• Dividends took 27.2% of earnings and 25.6% of free cash flow in the latest fiscal year.
• Shares outstanding changed -4.4% from Feb 10, 2022 to Oct 19, 2026.

Rank among 1514 US companies

Market value at each year end

Allegion’s market value went from $6.14B at the end of 2016 to $16.17B on Nov 2, 2026, about 2.6 times as much; since the end of 2025 it is up 18%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 1 open-market purchases ($27K) and 8 sales ($3.8M), 3 of them under pre-arranged 10b5-1 trading plans.

Large shareholders (13G filings)

ETFs with the most weight in ALLE

1. Life-safety products face strict code requirements. Many Allegion products sit on fire doors and emergency exits. If one fails certification, proves defective or is blamed for an injury, the company could face legal claims, lost business and damage to its brands.
2. Demand rises and falls with construction. Sales depend on building and remodeling schools, offices, hospitals and homes. Those markets swing with the economy, interest rates, credit and housing demand, so a slowdown can delay or cancel projects.
3. Tariffs and rising costs can squeeze profits. Allegion sources raw materials, parts and components globally and does not hedge commodity prices with derivatives. New tariffs, inflation or higher freight and labor costs could outpace the price increases customers will accept.
4. Electronic locks bring tougher, tech-driven competition. As locks become connected to phones, apps and smart-home platforms, new rivals and technologies could take market share. Growth depends partly on new electronic products and software catching on with customers.
5. Irish incorporation affects taxes and shareholder rights. Allegion is incorporated in Ireland. Dividends may face Irish withholding or income tax, Irish law may protect shareholders less than U.S. law, and global tax reforms could raise the company's tax bill.
6. Debt limits flexibility if credit tightens. As of September 30, 2026, Allegion had about $2.03 billion of debt and $388 million of cash and investments. Higher borrowing costs or tighter credit markets could make refinancing or funding acquisitions harder.

• Oct 22, 2026 Quarterly results released
• Sep 8, 2026 Executive or board change; Investor presentation or announcement
• Jul 23, 2026 Quarterly results released
• Jun 9, 2026 Shareholder vote results
• Apr 28, 2026 Quarterly results released
• Apr 15, 2026 Other company announcement
• Feb 17, 2026 Quarterly results released
• Dec 9, 2025 Major agreement signed; New debt or financial obligation

Allegion has raised its dividend at least 9 years in a row through FY2025. Dividends per share grew from $1.28 in FY2020 to $2.04 in FY2025, about 9.8% a year. FY2025 dividends equaled 27.2% of earnings and 25.6% of free cash flow (cash left after running and investing in the business), leaving a wide cushion. The yield was 1.2% as of October 28, 2026, modest for an income stock. From FY2021 to FY2025, buybacks (share repurchases) of $833.7 million exceeded dividends of $773.9 million. Dividends may be subject to Irish withholding tax.

The stock has fallen hard in downturns. It dropped 39.9% in the 2020 COVID crash and needed about 12 months from its low to recover. In the 2022 bear market it fell 32% and did not recover until February 2024, about 16 months after its low. Shares began trading in late 2013, so there is no 2008 record. A single stock carries more risk than a diversified fund.