Allegion Public Limited Company has had a series of significant endeavors that impacted its financial positioning and future growth prospects. Amalgamated Bank's significant $4.13 million holdings and a strong Q1-2024 financial performance underlines the company's consistent growth. The company has been subject to favorable analyses when compared to the SU group, with insiders reportedly increasing stake by 140% and the possession of a 45% ROE. However, there have also been instances of selling shares, such as by Yousif Capital Management LLC and Federated Hermes Inc., indicating a mixed sentiment among financial entities. Its international portfolio is being expanded with the acquisition of Dorcas and Boss Door Controls. Following these acquisitions, Allegion's price target was raised to $132.00 by UBS group. Stanley Black & Decker sold its Access Technologies Business to Allegion for $900 million in cash, a deal that's expected to boost Allegion's position in the access technology segment. Despite these, Allegion's full-year 2023 earnings missed expectations and Hartford Investment Management decreased its holdings in Allegion.
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Thu, 09 May 2024 10:29:55 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 3
