Allegion Public Limited Company (ALLE) has demonstrated consistent growth with shareholder returns at a 6.0% CAGR over the last five years, thus establishing it as a potential stable investment. Enhancing its business capacity, ALLE has been proactively increasing its portfolio, as shown with its acquisition of TGP, Dorcas, and Boss Door Controls. These strategic acquisitions enable expansion of its core business and in turn reflect positively on its future prospects. New York Life Investment Management LLC and an insider notably increased their holdings, further authenticating the firm's promising trajectory. The company recently released its 2024 outlook along the 2023 financial results, although it missed EPS expectations for 2023. Alongside this, recent sales data from Federated Hermes Inc. and Hartford Investment Management Co. observed a slight decrease in ALLE holdings. Despite a revenue dip in early 2024, the overall strong returns on capital and a healthy ROE of 45% make ALLE a noteworthy consideration for potential investors. The expansion plans, witnessed by its $900-million acquisition of Stanley Black & Decker's Access Technologies Business, underline ALLE's commitment towards growth. Additionally, the upcoming dividend of $0.48 provides an extra incentive for shareholders.
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Sun, 12 May 2024 13:15:40 GMT -
Rating 7
- Innovation 5
- Information 9
- Rumor -3
