Report
Brian Bernard

Wide-Moat Allegion Is Attractively Valued and Is One of Our Top Ideas

Allegion is a global security products company that primarily sells mechanical and electronic locks and access control systems, doors, and door frames and hardware. Schlage (locks and access control), Von Duprin (door exit devices), and LCN (door closers and controls) are three of the firm's most well-known brands.
Allegion’s strong positioning in the Americas, which represents 73% of sales and 89% of operating income, has been the main driver of the firm’s consistent and industry-leading profit...
Underlying
Allegion PLC

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Bernard

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