Allegion Plc Stock Price, News & Analysis

Schlage unveiled two new smart lock solutions at CES 2025: the Schlage Sense Pro™ Smart Deadbolt and Schlage Arrive™ Smart WiFi Deadbolt. The Sense Pro features Matter-over-Thread compatibility and introduces Schlage Converge™ technology, utilizing Ultra Wideband for hands-free unlocking based on user movement and intent. It offers keypad access, NFC capabilities, and smart home integration.

The Arrive™ Smart WiFi Deadbolt is Schlage's first push-button keypad deadbolt with built-in WiFi, allowing direct network connection without additional accessories. It supports up to 250 access codes and includes remote management through the updated Schlage Home app.

The new Schlage Home app, launching early 2025, will provide a unified interface for managing all Schlage smart locks with WiFi capabilities. The Arrive™ model will be available in late spring 2025, while the Sense Pro™ will launch later in the year.

Silverstein Properties has launched resident keys in Apple Wallet at Silver Towers (606 West 42nd Street) in New York City, allowing residents to access their building, apartments, and amenities using iPhone or Apple Watch. The initiative, implemented in partnership with SwiftConnect, Allegion, and Kastle, eliminates the need for physical keys.

The system works through Silverstein's Inspire app using SwiftConnect's AccessCloud platform. Features include Express Mode for quick access without unlocking devices and Power Reserve for low-battery situations. The technology emphasizes security and privacy, with encrypted data protected against tampering. This implementation is part of Silverstein's Inspire program, which focuses on enhancing customer experience through hospitality services, programming, and workplace technology.

Allegion has become the first security solutions provider to support mobile credentials in Google Wallet on Wear OS smartwatches, launching December 9, 2024. The enhancement allows users to access Schlage mobile credentials, including student IDs and employee badges, directly from their smartwatches.

The solution offers three key benefits: convenience through elimination of physical cards, enhanced security with multiple protection layers, and seamless access via tap-to-unlock functionality. The technology is compatible with all NFC-enabled Schlage wireless locks, wall readers, and reader controllers, including NDE and LE Series, XE360 Series, AD Series, and Schlage Control electronic locks.

Allegion US has become the first security solutions provider to support mobile credentials in Google Wallet on Wear OS smartwatches, launching December 9, 2024. This enhancement allows users to access Schlage mobile credentials, including student IDs and employee badges, directly from their smartwatches.

The solution offers multiple benefits including convenient access without physical cards, enhanced security with multiple protection layers, and seamless entry through Schlage electronic locks with a simple tap. The technology supports all NFC-enabled Schlage products, including NDE and LE Series, XE360 Series, AD Series, Control electronic locks, MTB Series wall readers, and RC Series reader controllers.

Since 2019, Schlage has been developing wallet-based mobile credentials with Google Wallet and other industry leaders, maintaining its position at the forefront of this technology.

Allegion (NYSE: ALLE), a global security products and solutions provider, has announced that its board of directors has declared a quarterly dividend of $0.48 per ordinary share. The dividend will be paid on December 31, 2024, to shareholders who are on record as of December 17, 2024.

Allegion (NYSE: ALLE) has appointed Gregg Sengstack, executive chairperson of Franklin Electric Company, to its Board of Directors. Sengstack becomes the ninth member of the board, joining eight independent directors. He will serve on the Board's Audit and Finance Committee, Compensation and Human Capital Committee, and Corporate Governance and Nominating Committee.

Sengstack brings over 30 years of professional experience, having served as both CEO and CFO at Franklin Electric. His career at Franklin Electric began in 1988 as assistant treasurer, progressing through various leadership roles including CFO, senior vice president, president of Franklin Fueling Systems and International Water Group, and COO. He served as CEO from 2014 to July 2024 and was elected board chairperson in 2015. He also currently serves on the board of Woodward, Inc.

Allegion (NYSE: ALLE), a global security products and solutions provider, has reappointed Jeff Braun as senior vice president, general counsel, and corporate secretary. This role was previously held by Stacy Cozad, who has left the company. Braun brings extensive experience, having served as Allegion's general counsel for over 10 years. His background includes roles at Ingersoll Rand, General Motors, and a private law firm. Braun earned his juris doctor degree magna cum laude from Harvard University Law School.

Allegion (NYSE: ALLE) announced its participation in the 2024 Baird Global Industrial Conference at The Ritz-Carlton Chicago on November 13. CEO John H. Stone and CFO Mike Wagnes will present the company's long-term strategy during the event. Investors and interested parties can access a live listen-only webcast through Allegion's investor website at investor.allegion.com.

Allegion (ALLE) reported strong Q3-2024 results with net earnings per share of $1.99, up 12.4% YoY. Revenue reached $967.1 million, increasing 5.4% on a reported basis and 3.3% organically. Operating margin expanded to 22.2% from 21.0%, while adjusted operating margin rose 100 basis points to 24.2%. The company raised its full-year adjusted EPS guidance to $7.35-$7.45 while affirming revenue growth outlook of 2.5-3.5%. The Americas segment grew 5.6%, while International segment revenues increased 4.4%. Year-to-date available cash flow improved to $388.0 million, up $67.6 million versus prior year.