Allegion plc (NYSE:ALLE) will look for acquisitions. John Stone, President and Chief Executive Officer said, "Next, Allegion will continue to be a dividend paying stock. You can expect our dividends to grow commensurate with earnings over the long term, and we've just announced our tenth consecutive annual increase.

We also expect to grow through acquisitions. Bolt-on acquisitions that fill portfolio gaps in the hardware space and high-margin recurring revenue business in the access solutions space will remain priorities".