Allegion acquires Overly Door as Morgan Stanley targets Allegion stock

Published on 10/13/2026 at 01:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Overly Door dates to 1888 and serves high-security markets. Allegion stock gets a USD 160.00 target versus USD 142.00 on August 10, 2026.

Key points in brief

Allegion acquired specialty-door maker Overly Door on October 5, 2026.
Overly Door was established in 1888 and serves high-security commercial and institutional markets.
Morgan Stanley raised its Allegion price target from USD 142.00 to USD 160.00 on August 10, 2026.
Allegion is scheduled to report third-quarter 2026 results on October 22, 2026.

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Allegion (IE00BFRT3W74) acquired privately held Overly Door Company on October 5, 2026, while Morgan Stanley raised its price target from USD 142.00 to USD 160.00 on August 10, 2026. The transaction adds custom high-security doors to Allegion's non-residential portfolio, but its financial terms were not disclosed.

Three dated moves shape the story

On August 10, 2026, Morgan Stanley maintained an Equal Weight rating and lifted its Allegion target from USD 142.00 to USD 160.00, as reported by Yahoo Finance. On October 5, 2026, Business Wire reported that Allegion had acquired Overly Door, which was established in 1888.

On October 8, 2026, Allegion scheduled its third-quarter 2026 results for October 22, 2026, according to Business Wire. That date gives investors the next fixed checkpoint for judging whether the expanded door portfolio is contributing to growth.

What does Overly add?

Overly manufactures custom specialty doors for acoustic, blast, bullet-resistant and vault security applications. Its customers include commercial and institutional organizations, with particular strength in government, education and healthcare, according to Business Wire.

Overly will join Allegion's Americas segment under Senior Vice President Dave Ilardi. The strategic fit is specific: Overly's specialty products complement Allegion's existing hollow metal doors and frames, extending its offer in markets where security requirements are high.

Next date is October 22

The next scheduled date is October 22, 2026, when Allegion will release third-quarter results before the market opens and hold a conference call at 8:00 a.m. ET, Business Wire said. The second dated event is the August 10, 2026 Morgan Stanley target change, which sets USD 160.00 as the newer reference against USD 142.00.

Security portfolio expands

Allegion designs and manufactures mechanical and electronic security and access solutions across residential and commercial markets. The Overly acquisition therefore adds a specialized product line while the October 22 results will provide the next reported measure of operating performance.

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