Assetmark has
acquired a beneficial position in
Allegion plc.
Analyst forecasts were surpassed by Allegion's earnings, prompting updates to their models. Allegion's
ROE of 40% is causing a stir. Allegion has announced
pricing of $400 million of senior notes.
PNC Financial reduced its stake in Allegion, whereas
Robeco Institutional Asset and
Vanguard increased their holdings. The company has reported its Q1-2024 financial results and strong earnings growth is anticipated for Q4. Allegion's president,
John Stone, has increased his shareholding by 24%. The company's stock price is up by 103% pleasing shareholders, and it boasts a healthy balance sheet. Allegion has announced thesuccessful completion of the
acquisition of Dorcas and Boss Door Controls which are expected to boost its international portfolio and UK business respectively. Allegion's ROE of 45% is considered above average and the company's strong return on capital is noteworthy. Two major appointments to the board of directors occurred with Susan (Sue) L. Main and Ellen Rubin joining. Despite a dip in revenue, the company presented a solid start to 2024 during their latest earnings call while announcing a $900 million cash acquisition of Stanley Black & Decker's Access Technology business.<>
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Tue, 28 May 2024 14:57:33 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 6
