Allegion plc ALLE is poised to benefit from robust end-market demand and effective pricing in the near term despite labor, material and freight-related cost inflation. ALLE anticipates revenues to increase 13-14% year over year for 2022, with organic growth of 9-10%. Its adjusted earnings per share are anticipated to be $5.40-$5.50 in 2022, higher than $5.19 recorded in 2021.Allegion has been strengthening and expanding its businesses through asset additions for a while. ALLE inked a deal to acquire Plano Group through one of its subsidiaries in November 2022. The acquisition will expand ALLE’s Interflex portfolio and AWFM business with new capabilities in SaaS models and recurring revenue solutions. Also, the buyout of Stanley Black & Decker, Inc.’s Access Technologies Business enhanced ALLE’s access, egress and access control solutions offering. The addition of certain assets of Astrum Benelux B.V. and WorkforceIT B.V. (July 2021) boosted ALLE’s Interflex unit’s cloud and mobile solutions along with its software-as-a-service capabilities.ALLE’s measures to reward its shareholders through dividend payments and share buybacks are encouraging. During the first nine months of 2022, Allegion paid out dividends worth $107.9 million and repurchased shares of $61 million. Its board of directors also announced a 14% hike in its quarterly dividend rate in February 2022.Allegion PLC Price Allegion PLC price | Allegion PLC QuoteIn light of the above-mentioned positives, we believe, investors should hold on to the Allegion stock for now, as is suggested by its current Zacks Rank #3 (Hold).Key PicksSome better-ranked companies from the Industrial Products sector are discussed below:Enerpac Tool Group Corp. EPAC delivered a trailing four-quarter earnings surprise of 3.4%, on average. EPAC presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks.EPAC’s earnings estimates have increased 9.1% for fiscal 2023 (ending August 2023) in the past 60 days. The stock has gained 23.4% in the past six months.Applied Industrial Technologies, Inc. AIT presently has a Zacks Rank of 1 and a trailing four-quarter earnings surprise of 24.8%, on average.AIT’s earnings estimates have increased 3% for fiscal 2023 (ending June 2023) in the past 60 days. The stock has risen 32.7% in the past six months.IDEX Corporation IEX presently has a Zacks Rank #2 (Buy). IEX’s earnings surprise in the last four quarters was 5.7%, on average.In the past 60 days, IDEX’s earnings estimates have increased 1.8% for 2022. The stock has rallied 25.3% in the past six months. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want 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 Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report IDEX Corporation (IEX): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research