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With a market cap of $12.3 billion, Allegion plc (ALLE) is a global leader in mechanical and electronic security products, offering a comprehensive range of solutions. Based in Dublin, Ireland, the company serves residential, institutional, and commercial markets worldwide through diverse distribution and retail channels, including e-commerce and specialty outlets.
Shares of Allegion have slightly outperformed the broader market over the past 52 weeks. ALLE has increased 33.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 32.1%. However, in 2024, shares of ALLE are up 10.8%, lagging behind SPX’s 26.2% gain on a YTD basis.
