What is "allegion"

Allegion Plc is a provider of security products and solutions for homes and businesses. It makes 31 global brands including CISA, Interflex, LCN, Schlage and Von Duprin. The $2 billion company employs around 8000 people and sells products in more than 120 countries across the world.

Allegion spun off from Ingersoll Rand Plc on Dec. 1, 2013 and became a standalone, publicly traded company. This placed Allegion on the S&P 500 where it replaced JC Penney.