Allegion plc (ALLE)

Allegion plc is a global provider of security products and solutions, specializing in door and access mechanisms. The company was established in 2013 as a spin-off from Ingersoll Rand, a multinational diversified industrial company. Allegion is headquartered in Dublin, Ireland, although it also operates with a significant presence in Carmel, Indiana, USA. It is known for its extensive range of offerings, including electronic and mechanical locks, exit devices, door closers, and other access control products. Allegion's portfolio of brands includes well-known names like Schlage, Von Duprin, and LCN. As of recent reports, Allegion has generated annual revenues in the range of over $2 billion. With a focus on innovation and security, the company serves customers in more than 130 countries, addressing needs across residential, commercial, and institutional markets.