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Allegion Public Limited Company
As of May 30, 2026 at 12:32 UTC
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About Allegion Public Limited Company
Allegion is a global security products company with a portfolio of leading brands such as Schlage, Von Duprin, and LCN. The Ireland-domiciled company was created via a spinoff transaction from Ingersoll-Rand in December 2013. In fiscal 2024, Allegion generated over 75% of sales in the United States. The company primarily competes with Sweden-based Assa Abloy, Switzerland-based Dormakaba, and US-based Fortune Brands Innovations.
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Latest News
5 articlesThe article argues that market volatility creates opportunities for contrarian investors to buy dividend-growth stocks trading below their dividend growth trajectory. Two stocks highlighted are Allegion (ALLE), a lock manufacturer with a 359% dividend increase over a decade, and Visa (V), which processes 69.4 billion transactions quarterly. Both stocks have recently lagged their dividend growth, presenting potential 'snap back' upside opportunities as their share prices realign with accelerating payouts.
The global smart door lock market is projected to grow from USD 3.28 billion in 2025 to USD 14.90 billion by 2033, with a CAGR of 20.88%. Growth is driven by increasing smart home adoption, IoT-enabled authentication technologies, and rising security concerns. The U.S. market alone is expected to expand from USD 0.96 billion to USD 4.25 billion. Biometric and retrofit locks are the fastest-growing segments, while Asia Pacific is anticipated to experience the highest regional growth rate at 22.07% CAGR.
The global digital door lock systems market is projected to grow from USD 8.12 billion in 2024 to USD 17.95 billion by 2032, driven by increasing security needs, smart home adoption, and technological advancements in keyless access solutions.
The global door closer market is projected to grow from USD 3.87 Billion in 2024 to USD 5.83 Billion by 2034, with a 4.2% CAGR, driven by smart building technologies, fire safety regulations, and increased accessibility requirements.
Allegion's stock rose 10.3% after its Q1 earnings report showed that the weakness in its residential security market was more than offset by strong growth in the nonresidential segment, particularly in web-enabled electronic locks. The company maintained its full-year guidance, indicating its underlying fundamentals remain strong.