Why You’re Smart to Buy Shares in This Security Company

The interesting thing about security company Allegion (NYSE: ALLE) is its long-term secular growth prospects from the increasing use of the Internet of Things (IoT) at work and in the home. This argument applies despite a superficially weak-looking set of second-quarter earnings and guidance. Here's why Allegion's long-term prospects are still very much intact.

There are three main reasons Allegion is attractive for long-term investors:

In a nutshell, the self-styled "pure-play global provider of security products and solutions" is an early adopter of a technology that is going to fundamentally change its industry in the coming years. Not only is it increasingly important for households and businesses to control and monitor the movement of people for safety and security reasons, but there's also a benefit to corporate productivity in monitoring staff.

Source Fool.com