Allegion plc (ALLE) is benefiting from strength in the Allegion International segment, acquired assets and shareholder-friendly moves.Let us delve into the factors that make this Zacks Rank #2 (Buy) company a smart investment choice at the moment.Growth CatalystsBusiness Strength: Allegion is poised to gain from strong momentum in the Allegion International segment. An increase in demand for electronic security products, driven by growing awareness about the security and safety of people and infrastructure, ...

NORFOLK, Va., June 28, 2024 (GLOBE NEWSWIRE) -- CBORD, the leading provider of integrated technology solutions for campus ID card systems, access control, foodservice, nutrition and commerce, is excited to announce that Old Dominion University has successfully launched mobile credentials on its campus. This achievement aligns with ODU's mission to serve its students and enrich the community through rigorous academic programs and strategic partnerships. "This state-of-the-art offering marks a significant adv ...

Von Duprin addresses the challenges of modern security with cost effective high-performance exit devices for multifamily, office and retail spaces. CARMEL, Ind., June 25, 2024 /PRNewswire/ -- Allegion US, a leading provider of security solutions, technology and services, is excited to announce the launch of the Von Duprin 70 Series Exit Devices. This new product line combines the quality and trust associated with Von Duprin with a medium price point, making it an ideal choice for a wide range of application ...

These companies are positioned in highly attractive end markets.Emerson Electric (EMR 0.25%), Carrier Global (CARR -1.80%), and Allegion (ALLE 0.41%) are all smart buys now for two reasons. First, their respective management teams are aggressively restructuring their businesses toward attractive long-term growth markets. Second, if you only invest a relatively small amount, it's a good idea to minimize trading costs by holding stocks for an extended period, and the growth prospects of all three justify hold ...

Resident keys in Apple Wallet offers easy, secure access to multifamily buildings with a simple tap of an iPhone or Apple Watch PHILADELPHIA, Pa., June 19, 2024 /PRNewswire/ -- Zentra, a brand of Allegion®, and leading provider of smart access solutions, has integrated resident keys capability in Apple Wallet for use by customers and their residents. This enables residents to easily and securely add their resident keys to Apple Wallet and unlock their apartment with a simple tap of an iPhone or Apple Watch. ...

The Zacks Security and Safety Services industry is poised for growth on the back of robust demand for products and solutions with growing awareness about the security and safety of people and infrastructure. Higher research and development activities supported by governments and improving supply chains augur well for the industry’s near-term prospects.The increase in demand for cybersecurity products is supporting several industry participants as well. Companies like Allegion plc (ALLE) , MSA Safety Incorpo ...

Allegion plc (ALLE) recently completed the acquisition of Unicel Architectural Corp. through one of its subsidiaries. The financial terms of the transaction have been kept under wraps.Headquartered in Quebec, Canada, Unicel Architectural specializes in producing highly engineered glass, timber and aluminum building solutions. The company’s products are sold in education, healthcare, government and other non-residential facilities across the United States and Canada.Acquisition RationaleThe latest buyout is ...

Allegion plc (ALLE) acquired Krieger Specialty Products LLC (Krieger) through one of its subsidiaries. The financial terms of the transaction have been kept under wraps.Headquartered in Los Angeles, CA, Krieger is engaged in producing high-performance doors and windows for industrial, commercial and institutional end markets. The company’s products are used in acoustical, bullet, forced entry, blast and radio frequency applications.Acquisition RationaleThe latest buyout is in sync with Allegion’s policy of ...

Allegion Launches Schlage XE360(TM) Series Wireless Locks for Multifamily ApplicationsMay 29, 2024 9:30 AM EDT | Source: Allegion CanadaMississauga, Ontario--(Newsfile Corp. - May 29, 2024) - Allegion (NYSE: ALLE), a leading security products and solutions provider, has introduced the Schlage® XE360™ Series Wireless Locks, a new electronic lock portfolio designed with multifamily market needs - like style and technology - in mind, at an attractive price point.The XE360 Series is the next gener ...

Core Viewpoint - Allegion plc (ALLE) is positioned for growth due to the strength in its Allegion International segment, strategic acquisitions, and shareholder-friendly initiatives [1]. Growth Catalysts - Business Strength: The Allegion International segment is experiencing strong momentum, with a 1.4% year-over-year revenue increase in Q1, driven by rising demand for electronic security products [2]. The adoption of advanced technologies in this market is expected to enhance Allegion's performance in the upcoming quarters [2]. - Revenue Projections: Allegion anticipates a revenue increase of 1.5-3.5% year-over-year for the Allegion International segment in 2024, with total revenues expected to follow the same growth band [3]. Organic sales are projected to rise by 1-3%, leading to an overall sales increase of 2.5% for the year [3]. Accretive Acquisitions - Allegion is enhancing its capabilities through strategic acquisitions, which contributed 0.3% to sales in Q1 [4]. The acquisition of Montajes Electronics Dorcas S.L. in March 2024 is expected to strengthen its security product portfolio and expand into healthcare and education markets [4]. Additionally, the acquisition of Boss Door Controls in February 2024 complements Allegion's U.K. business [4]. - The acquisition of Plano Group in January 2023 expanded Allegion's Interflex portfolio with new SaaS capabilities [5]. A previous acquisition of Access Technologies Business for $900 million has also enhanced Allegion's access control solutions [5]. Rewards to Shareholders - Allegion is committed to returning value to shareholders, with dividends totaling $42.1 million in Q1 2024, a 6.9% increase year-over-year [5]. The company repurchased shares worth $40 million in the same period and announced a 7% increase in its quarterly dividend rate to 48 cents per share [5]. Northward Estimate Revision - The Zacks Consensus Estimate for ALLE's 2024 earnings has been revised upward by 1% in the past 60 days [6]. Price Performance - Shares of ALLE have appreciated by 14.5% over the past year [6].