Allegion Plc Stock Price, News & Analysis

On October 18, 2021, Allegion announced a significant integration between its Overtur™ digital platform and Software for Hardware®. This collaboration enhances project specifications, allowing users to export hardware data seamlessly, thereby reducing manual entry errors and saving time. The integration will be showcased at the DHI conNextions event. Overtur connects all building phases for door security and facilitates collaboration among project teams, ultimately streamlining the construction process.

Allegion plc (NYSE: ALLE) has received the prestigious 2021 Robert W. Campbell Award from the National Safety Council (NSC) for its commitment to safety and environmental management. The award was presented on October 11 during the NSC Safety Congress & Expo in Orlando, Florida. Allegion's initiatives, including the "Allegion Safety Initiative," have significantly lowered workplace injuries since its separation in 2013. The company emphasizes integrating safety into its business operations and aims to inspire other organizations to prioritize safety.

Allegion plc (NYSE: ALLE) received the prestigious 2021 Robert W. Campbell Award from the National Safety Council on October 11, 2021, during the NSC Safety Congress & Expo in Orlando, Florida. This award recognizes organizations that integrate environmental, health, and safety management into their business operations. Allegion's Safety Initiative, which has led to significant reductions in workplace injuries, exemplifies its commitment to safety. The award highlights Allegion's mission to positively impact workplace safety and community health.

Allegion plc (NYSE: ALLE) updated its 2021 outlook due to supply chain challenges affecting revenue realization and margin pressure. The company anticipates a revenue growth of 4% to 4.5% and EPS between $4.95 and $5.05. Supply chain inefficiencies are projected to delay approximately $80 million to $100 million in revenue. However, Allegion expects these supply chain challenges to ease in 2022, with a favorable long-term growth outlook supported by strong demand in non-residential markets.

On Sept. 28, 2021, Allegion US announced that its Schlage AD-302 FIPS 201-2 electronic lock, in collaboration with Gallagher, received approval from the US Government. This is the first electronic lock included on the GSA Approved Product List, allowing easier access for government procurement. The lock integrates with Gallagher's Command Centre software and includes features for enhanced security, such as compliance with federal standards. The solution aims to provide a cost-effective option for government entities while ensuring a seamless upgrade path for future technologies.

Allegion plc (NYSE: ALLE) will release its third-quarter financial results for 2021 on October 21, 2021, before the market opens. Following this, a conference call will be held at 8 a.m. ET with CEO David D. Petratis and CFO Patrick Shannon to discuss the results. Analysts and investors can access a live webcast on Allegion's website or dial in using the provided conference ID. Allegion generated $2.7 billion in revenue in 2020, focusing on seamless access and security solutions across various sectors.

Allegion plc (NYSE: ALLE) will present its long-term strategy at the Morgan Stanley Virtual Laguna Conference on September 14, 2021, with Chairman and CEO David D. Petratis leading the discussion. Interested parties can access a live webcast through Allegion’s investor website or the conference link. The company, known for its security brands like Schlage and LCN, generated $2.7 billion in revenue in 2020, focusing on security solutions for various sectors including homes, businesses, and institutions.

Allegion plc (NYSE: ALLE) has announced a quarterly dividend of $0.36 per ordinary share, payable on September 30, 2021, to shareholders recorded on September 16, 2021. This decision underscores Allegion's commitment to returning value to its investors. In 2020, the company reported revenues of $2.7 billion, showcasing its robust position in the global security products market. Allegion aims to secure people and assets through an extensive range of solutions, reaffirming its status as a leader in seamless access technology.

Livly, Inc. has announced a collaboration with Allegion U.S. to integrate the Allegion ENGAGE™ platform with Livly Key, enhancing access management for multifamily properties. This integration automates credential processes via the Livly Resident Mobile App, synchronizing lease data from various ERP software. The Livly Key aims to streamline operations for property managers while offering residents secure access using their smartphones or key fobs. This solution will be available for multifamily properties on the Allegion ENGAGE™ platform immediately.