Allegion hits all-time high after raising 2025 forecast

Allegion

24/07/2025 16:21

** Shares of lockmaker Allegion ALLE.N rise about 5% to $161, hitting an all-time high

** Company expects 2025 adj. profit to be between $8.00 and $8.15 per share, compared with prior forecast of $7.65 to $7.85 per share

** Also forecasts 2025 revenue growth of 3.5% to 4.5%, compared with previous projection of 1.5% to 3.5% rise

** Posts Q2 adj. profit of $2.04 per share, above analysts' estimate of $1.99 per share - data compiled by LSEG

** Including session's moves, shares up 23.4% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))