Allegion PLC
ALLE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|l! | LOCK|>Q | LOCK|QS#rv$ |
Allegion Earnings: Strong US Nonresidential Activity Offsets Weak Western Europe; Shares Undervalued
Allegion reported third-quarter sales growth of 9.6% year over year from strong US growth and international acquisitions. Modest operating margin expansion resulted in 13% growth in adjusted earnings per share.
