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Will Allegion's New Schlage Products Drive Performance?
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Allegion Plc’s (ALLE - Free Report) Schlage brand recently launched various products under its Multi-Family product listing as well as a Contractor Rewards program linked with the Single-Family offerings.
At Schlage, the company intends to enhance the aura of homes while keeping it safe and smart with these innovations. In the Multi-Family line of products, Allegion will introduce a wide array of solutions for residences that have Schlage Control™ smart locks. It will also feature Schlage NDE wireless lock solutions and the Schlage LE wireless mortise lock with ENGAGE™ technology that will help customers widen electronic access control.
In the Single-Family product offerings, the brand is launching a loyalty program, Contractor Rewards. This will reward trade contractors, builders and remodelers for buying quality products from leading building products manufacturers.
Allegion is a leading global provider of security products and solutions for business and domestic purposes. The company continuously updates its products and develops new ones to keep up with the changing market sentiment toward electronic security products and solutions.
In fact, sales of such electronic security products are growing at nearly twice the rate of their traditional mechanical counterparts. Allegion continues to focus on making incremental investments in organic growth for new product development. It is also trying to chalk out channel strategies and gain enterprise excellence to accelerate core market expansion.
Buoyed by the popularity of its eVayo and Schlage Touchscreen Deadbolt, Briton and CISA range of mechanical hardware products, Allegion is uniquely positioned to supply mechanical, electro-mechanical and electronic security solutions (read also: Allegion Subsidiary Acquires Republic Doors & Frames).
However, investors should note that Allegion’s shares have underperformed the Zacks categorized Protection-Safety Equipment & Services industry in the last one year. The company’s shares gained 7.4% in the last one year, substantially below the broader industry’s 28.5%. Meanwhile, Allegion surpassed estimates in two of the past four quarters, with an average surprise of 6.18%. However, estimates for the current year have remained stable over the last 60 days.
Zacks Rank & Other Key Picks
Allegion carries a Zacks Rank #2 (Buy).
Other favorably ranked stocks in the Security and Safety Services industry include Lakeland Industries, Inc. (LAKE - Free Report) , Alarm.Com Holdings, Inc. (ALRM - Free Report) and G4S plc (GFSZY - Free Report) .
Alarm.Com, a Zacks Rank #2 stock, is likely to witness 251.7% growth in 2016 earnings.
G4S carries a Zacks Rank #2. The company’s dividend yield is 3.82% compared with 0.00% for the industry.
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>>
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Will Allegion's New Schlage Products Drive Performance?
Allegion Plc’s (ALLE - Free Report) Schlage brand recently launched various products under its Multi-Family product listing as well as a Contractor Rewards program linked with the Single-Family offerings.
At Schlage, the company intends to enhance the aura of homes while keeping it safe and smart with these innovations. In the Multi-Family line of products, Allegion will introduce a wide array of solutions for residences that have Schlage Control™ smart locks. It will also feature Schlage NDE wireless lock solutions and the Schlage LE wireless mortise lock with ENGAGE™ technology that will help customers widen electronic access control.
In the Single-Family product offerings, the brand is launching a loyalty program, Contractor Rewards. This will reward trade contractors, builders and remodelers for buying quality products from leading building products manufacturers.
Allegion is a leading global provider of security products and solutions for business and domestic purposes. The company continuously updates its products and develops new ones to keep up with the changing market sentiment toward electronic security products and solutions.
In fact, sales of such electronic security products are growing at nearly twice the rate of their traditional mechanical counterparts. Allegion continues to focus on making incremental investments in organic growth for new product development. It is also trying to chalk out channel strategies and gain enterprise excellence to accelerate core market expansion.
Buoyed by the popularity of its eVayo and Schlage Touchscreen Deadbolt, Briton and CISA range of mechanical hardware products, Allegion is uniquely positioned to supply mechanical, electro-mechanical and electronic security solutions (read also: Allegion Subsidiary Acquires Republic Doors & Frames).
However, investors should note that Allegion’s shares have underperformed the Zacks categorized Protection-Safety Equipment & Services industry in the last one year. The company’s shares gained 7.4% in the last one year, substantially below the broader industry’s 28.5%. Meanwhile, Allegion surpassed estimates in two of the past four quarters, with an average surprise of 6.18%. However, estimates for the current year have remained stable over the last 60 days.
Zacks Rank & Other Key Picks
Allegion carries a Zacks Rank #2 (Buy).
Other favorably ranked stocks in the Security and Safety Services industry include Lakeland Industries, Inc. (LAKE - Free Report) , Alarm.Com Holdings, Inc. (ALRM - Free Report) and G4S plc (GFSZY - Free Report) .
Lakeland sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The stock flaunts a VGM score Á.
Alarm.Com, a Zacks Rank #2 stock, is likely to witness 251.7% growth in 2016 earnings.
G4S carries a Zacks Rank #2. The company’s dividend yield is 3.82% compared with 0.00% for the industry.
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>>