Allegion Plc Stock Price, News & Analysis

Allegion (NYSE: ALLE) has announced its participation in the upcoming 2025 Bank of America Global Industrials Conference. The event will take place on Wednesday, March 19 at The Landmark Hotel in London. Mike Wagnes, Senior Vice President and Chief Financial Officer, will present the company's long-term strategy during the conference.

Investors and interested parties can access a live listen-only webcast of the presentation through Allegion's investor website at investor.allegion.com.

Schlage, an Allegion (ALLE) brand, unveiled Advanced Rekey™ at the 2025 International Builders' Show in Las Vegas. This innovative solution allows builders and homeowners to rekey locks without professional assistance or door removal, using just one simple tool and the current working key.

The system features 100,000 possible keying combinations and includes bump-resistant security features. Advanced Rekey will be integrated across all Schlage residential keyed mechanical and electronic products, offering enhanced security control and convenience. The solution will be available to builders through dealers and wholesale partners in late 2025.

Key benefits include increased efficiency in key management, user-friendly operation, and enhanced security control. The system allows for quick rekeying when keys are lost or stolen, during homeownership changes, or when updating multiple locks to use the same key.

Allegion (ALLE) reported strong Q4 and full-year 2024 results with significant growth across key metrics. Q4 net revenues increased 5.4% to $945.6 million, with organic growth of 3.5%. Q4 EPS reached $1.65, up 23.1%, while adjusted EPS grew 10.7% to $1.86.

For full-year 2024, revenues grew 3.3% to $3,772.2 million, with organic growth of 2.1%. Full-year EPS was $6.82, up 11.4%, and adjusted EPS increased 8.2% to $7.53. Operating margin expanded to 20.7% from 19.4%, while adjusted operating margin improved 70 basis points to 22.8%.

The company's 2025 outlook projects organic revenue growth of 1.5% to 3.5%, with adjusted EPS estimated between $7.65 and $7.85. Available cash flow for 2024 increased 12.9% to $582.9 million.

Schlage, a leader in home security solutions, has been named America's Most Trusted® Door Lock Brand for the sixth consecutive year in the 2025 study by Lifestory Research. The recognition comes from a comprehensive survey involving over 4,600 consumers who evaluated door locks and hardware throughout 2024.

Schlage achieved the highest Net Trust Quotient score of 116.0, with consumers rating brands on factors including reputation, recommendation likelihood, and brand trust. The study maintains strict statistical standards, requiring a 95% confidence level with maximum 3% margin of error for brand inclusion.

David Perozzi, general manager of Allegion Home, emphasized the company's commitment to innovation and customer protection, while Lifestory Research president Eric Snider highlighted the important role of trust in homeowners' security decisions. The America's Most Trusted study has been evaluating consumer trust across industries for over a decade.

Allegion plc (NYSE: ALLE) has signed a definitive agreement to acquire Lemaar Australia Pty , a Victoria-based door hardware company. The acquisition is expected to close in Q1 2025. Founded in 1999, Lemaar specializes in security and accessibility solutions, including door entry systems, handles, and digital locks for residential and multifamily markets.

The acquisition will strengthen Allegion's presence in Australia, with Lemaar reporting to the Allegion International segment. Lemaar's product lines and channels complement Allegion's portfolio, offering new opportunities for scaling. Lemaar's owner, Bill Spyrou, will serve in an advisory role to support the business transition. The financial terms of the transaction were not disclosed.

Allegion (NYSE: ALLE) has announced a 6% increase in its quarterly dividend, which will now be $0.51 per ordinary share. This marks the company's 11th consecutive annual dividend increase. The dividend will be payable on March 31, 2025, to shareholders of record as of March 14, 2025. Allegion, a global security products and solutions provider, continues to demonstrate its commitment to shareholder returns through consistent dividend growth.

Allegion (NYSE: ALLE) has announced its participation in the 2025 Barclays Industrial Select Conference, scheduled for Thursday, February 20, at the Loews Miami Beach Hotel. President and CEO John H. Stone will present the company's long-term strategy during the event. Investors and interested parties can access a live listen-only webcast of the presentation through Allegion's investor website at investor.allegion.com.

Allegion (NYSE: ALLE) has announced it will release its 2024 fourth-quarter and full-year financial results on Tuesday, February 18, before market opening. The company will hold a conference call and webcast at 8 a.m. ET the same day, featuring President and CEO John H. Stone and CFO Mike Wagnes, who will review the results with analysts and investors.

The live webcast will be available through Allegion's investor relations website. Participants can join the conference call by dialing 1-877-883-0383 (US) or 1-412-902-6506 (international) with Conference ID 9905335. A replay will be available on the company's website after the event.

Allegion plc (NYSE: ALLE) has acquired Next Door Company, a Miami-based manufacturer of stainless steel and hollow metal doors. Founded in 1993, Next Door specializes in custom configurations for industrial, commercial, and institutional buildings. The acquisition enhances Allegion's specialty offerings and complements its existing hollow metal doors and frames portfolio.

Next Door will be integrated into the Allegion Americas segment, led by Senior Vice President Dave Ilardi. Justin Schechter, Next Door's owner, will join Allegion to support the transition and accelerate growth for the combined businesses. The companies have been partners for over a decade, sharing expertise in complex environments. The financial terms of the transaction were not disclosed.