Here's Why You Should Hold Allegion (ALLE) in Your Portfolio
ALLEAllegion(ALLE) Zacks Investment Research·2024-03-12 21:10

Allegion plc (ALLE) has been experiencing strength in its Americas segment driven by solid momentum in non-residential business. The segment’s revenues increased 3.7% in the fourth quarter of 2023. Also, its international segment is benefiting from solid demand environment in electronics and software solutions end markets. The international segment’s revenues grew 5.9% in the fourth quarter. For 2024, the company expects total revenues to grow 1.5-3.5% from the year-ago levels, while organic sales are expec ...