Allegion: Strong Institutional Demand Should Drive Growth

Ventz/iStock via Getty Images The Thesis Despite a bad start to the year, I expect Allegion (NYSE:ALLE) topline to grow in the coming quarter, primarily due to continued strong demand in the institutional end market. This along with benefits from new projects and good demand in certain areas of the residential end market should drive the company's sale in the coming quarters. While longer term should benefit from company's continued investment in organic growth drivers as well as strategic M&As. As volume g ...