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Allegion plc (ALLE - Free Report) acquired McKenzie-based Republic Doors & Frames, Inc. through one of its subsidiaries. The terms of the transaction have been kept under wraps.
Republic Doors & Frames manufactures hollow metal doors and frames which complement Allegion’s Steelcraft brand and core business in the Americas.
Management at Allegion believes that with the addition of Republic Doors & Frames will expand its product offerings, improve operating efficiency and expand its distribution footprint.
Notably, acquisitions are an important part of Allegion’s growth strategy. The security products industry is highly fragmented, particularly in developing markets, and involves the use of emerging technology products that employ newer technologies. This creates numerous opportunities to broaden the product portfolio as well as geographic footprint and enhance the position in strategic market segments through buyouts.
In Apr 2016, Allegion announced plans to acquire Germany-based safety and security provider Trelock GmbH and related companies. In Sep 2015, the company acquired European-based security providers – AXA Stenman Holding and SimonsVoss Technologies GmbH. A South Korea-based producer of innovative electronic door locks Milre Systek Co., Ltd was taken over by Allegion in Aug 2015.
The acquisition of Brio in May 2015 added sliding and holding door hardware products to Allegion’s portfolio. In Apr 2015, Allegion took over Zero International Inc., increasing its focus on green building applications that support heating and cooling efficiency.
Investors should note that Allegion’s shares lost 0.8% in 2016, comparing unfavorably with 18.9% growth of the Zacks categorized Protection-Safety Equipment & Services industry. Meanwhile, Allegion surpassed estimates in two of the past four quarters. However, estimates for the current year have remained stable over the last 60 days.
Zacks Rank & Stocks to Consider
Allegion carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Security and Safety Services industry include Lakeland Industries, Inc. (LAKE - Free Report) , Alarm.Com Holdings, Inc. (ALRM - Free Report) and Net 1 UEPS Technologies, Inc. .
Fiscal 2017 earnings for Lakeland are expected to decline 46.8%.
Alarm.Com, a Zacks Rank #2 (Buy) stock, is likely to witness 251.7% growth in 2016 earnings.
Net 1 UEPS carries a Zacks Rank #2. Fiscal 2017 earnings for the company are likely to decline 8.7%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
Unique Zacks Analysis of Your Chosen Ticker
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Allegion (ALLE) Subsidiary Acquires Republic Doors & Frames
Allegion plc (ALLE - Free Report) acquired McKenzie-based Republic Doors & Frames, Inc. through one of its subsidiaries. The terms of the transaction have been kept under wraps.
Republic Doors & Frames manufactures hollow metal doors and frames which complement Allegion’s Steelcraft brand and core business in the Americas.
Management at Allegion believes that with the addition of Republic Doors & Frames will expand its product offerings, improve operating efficiency and expand its distribution footprint.
Notably, acquisitions are an important part of Allegion’s growth strategy. The security products industry is highly fragmented, particularly in developing markets, and involves the use of emerging technology products that employ newer technologies. This creates numerous opportunities to broaden the product portfolio as well as geographic footprint and enhance the position in strategic market segments through buyouts.
In Apr 2016, Allegion announced plans to acquire Germany-based safety and security provider Trelock GmbH and related companies. In Sep 2015, the company acquired European-based security providers – AXA Stenman Holding and SimonsVoss Technologies GmbH. A South Korea-based producer of innovative electronic door locks Milre Systek Co., Ltd was taken over by Allegion in Aug 2015.
The acquisition of Brio in May 2015 added sliding and holding door hardware products to Allegion’s portfolio. In Apr 2015, Allegion took over Zero International Inc., increasing its focus on green building applications that support heating and cooling efficiency.
Investors should note that Allegion’s shares lost 0.8% in 2016, comparing unfavorably with 18.9% growth of the Zacks categorized Protection-Safety Equipment & Services industry. Meanwhile, Allegion surpassed estimates in two of the past four quarters. However, estimates for the current year have remained stable over the last 60 days.
Zacks Rank & Stocks to Consider
Allegion carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Security and Safety Services industry include Lakeland Industries, Inc. (LAKE - Free Report) , Alarm.Com Holdings, Inc. (ALRM - Free Report) and Net 1 UEPS Technologies, Inc. .
Lakeland sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fiscal 2017 earnings for Lakeland are expected to decline 46.8%.
Alarm.Com, a Zacks Rank #2 (Buy) stock, is likely to witness 251.7% growth in 2016 earnings.
Net 1 UEPS carries a Zacks Rank #2. Fiscal 2017 earnings for the company are likely to decline 8.7%.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>