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Allegion plc: The Boring-Sounding Stock Hiding a Smart-Home Power Play
Allegion plc, a global access-control heavyweight known for brands like Schlage smart locks, is positioned as a smart-home and smart-building infrastructure play. While not a flashy “meme stock,” it offers steady cash flow and growing demand from connected security solutions, particularly in the US market. Investors see it as a “picks-and-shovels” investment in smart cities and hybrid workspaces, balancing traditional hardware with digital access control.