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Allegion plc

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Year to date, Allegion's shares have underperformed and look overvalued compared to its industry. Material price inflation (on account of tariffs levied over U.S. imports) might continue to escalate costs and thereby hurt the company’s near-term profitability. Moreover, recently made acquisitions might continue to dilute margins in the upcoming quarters. Also, we notice that a stronger U.S. dollar might further depress the Allegion's overseas business results in the quarters ahead. Moreover, the company's business is highly sensitive to seasonal fluctuations.

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