Allegion Public Limited Company (ALLE) has been garnering substantial attention in recent times. This is due to the recent actions taken by various investment and wealth management entities. Institutions like
New York Life Investment Management LLC, Kestra Private Wealth Services LLC and
Daiwa Securities Group Inc. increased their stakes in the company. This was accompanied by
Federated Hermes Inc. and
Yousif Capital Management LLC selling off ALLE stocks. Furthermore,
Allegion's financial reports have looked promising, with the anticipation of Q3 earnings and the report of Q1 financial results. Moreover, insider activity shows a significant 140% raised stake in the past year by an unnamed Allegion insider.
Allegion has focused on the expansion of its business; the acquisition of companies such as
Dorcas and
Boss Door Controls support its growth aspiration as well as the latest acquisition of Stanley Black & Decker's Access Technologies Business. These new acquisitions are expected to strengthen
Allegion's presence predominantly in the electro-mechanical access solutions segment and UK business. With the release of
Allegion's 2022 annual report and ESG metrics, an increased interest in the company could be witnessed among investors.
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Tue, 07 May 2024 15:54:59 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -1
