Allegion Boosts Product Portfolio With the Acquisition of Trimco

Allegion plc ALLE has recently acquired Trimco Hardware (Trimco), along with its brands and various assets, through one of its subsidiaries. The financial terms of the transaction have been kept under wraps.Based in Los Angeles, CA, Trimco is engaged in manufacturing high-performance and custom-designed door hardware. The company’s products are sold in commercial and institutional markets.ALLE’s Acquisition RationaleThe latest buyout is in sync with Allegion’s policy of acquiring businesses to expand its market share and customer base. The inclusion of Trimco’s expertise in specialty solutions, coupled with its strong innovation capabilities, will enable ALLE to boost its door and frame portfolio. It will also help the company expand its presence in lucrative end markets.Trimco will be incorporated into the company’s Allegion Americas segment and will be led by its senior vice president, Dave Ilardi.Acquisitions are an essential aspect of Allegion's growth strategy. The company is trying to improve its long-term results by focusing on strategic acquisitions and regular innovations. ALLE inked a deal to buy Lemaar Pty Ltd (Lemaar) in February 2025. This acquisition is expected to boost Allegion’s security and accessibility portfolio in Australia. The acquired company will be incorporated into the Allegion International segment. Subject to customary closing conditions, this acquisition is expected to close in the first quarter of 2025.In June 2024, the company acquired Krieger Specialty Products. The addition of Krieger’s expertise in specialty solutions will enable Allegion to strengthen its door and frame portfolio. Also, in the same month, it purchased Unicel Architectural Corp. The inclusion of Unicel’s proficiency in glass and building envelope solutions will enable it to boost its product portfolio within the non-residential business. Both the acquired businesses have been incorporated into the Allegion Americas segment.Allegion’s Zacks Rank and Price PerformanceALLE currently carries a Zacks Rank #2 (Buy).Allegion is well-positioned to benefit from strength in the Allegion Americas unit, driven by stable demand across end markets like education, hospitality and retail. Growing awareness about the need for the security and safety of people and infrastructure across the world is driving the International segment.In the year-to-date period, the stock has gained 1.1% against the industry’s 1.4% decline.Image Source: Zacks Investment ResearchOther Stocks to ConsiderSome other top-ranked companies are discussed below.DNOW Inc. DNOW currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.DNOW delivered a trailing four-quarter average earnings surprise of 30.4%. In the past 60 days, the Zacks Consensus Estimate for DNOW’s 2025 earnings has increased 10.2%.Dover Corporation DOV presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 5.3%.In the past 60 days, the consensus estimate for DOV’s 2025 earnings has increased 0.4%.Applied Industrial Technologies, Inc. AIT presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 5.3%.The Zacks Consensus Estimate for AIT’s fiscal 2025 (ending June 2025) earnings has improved 0.3% in the past 60 days.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dover Corporation (DOV): Free Stock Analysis Report Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis Report DNOW Inc. (DNOW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks