Allegion (ALLE) Could Be 15% Undervalued After Buying Overly Door Company

Allegion (ALLE) has completed the acquisition of Overly Door Company, a specialist in high security doors and windows. The transaction expands Allegion’s reach across government, healthcare, and education building projects. Allegion’s latest move lands at a slightly softer moment for the stock, with the share price down 4.7% on the day and showing a 1-month share price return of down 5.9%. However, the 3-year total shareholder return of 45.8% points to stronger momentum over a longer...