Allegion plc has registered significant
financial activities recently, attracting interest from several brokerages and investors. Notably,
UBS Group AG and
Assetmark Inc have notably increased their shareholdings. The company's
Q1 and
Q4 earnings are also in focus, with investors anticipating surprises. The company has posted a strong
40% return on equity, and its share price has escalated by
103%, delighting its shareholders. On the research front, Zacks has commented on Allegion's FY2024 earnings prediction. The company's future prospects have also been evaluated, with its balance sheet seeming healthy. Allegion has also announced a
$400 million pricing of senior notes,
extending and
increasing its revolving credit facility.
Acquisitions have been a significant part of Allegion's recent activity, with Dorcas and Boss Door Controls being the latest additions to its portfolio that help the
expansion of their
electro-mechanical access solutions. Apart from strengthening its leadership by appointing
Sue L. Main to its Board of Directors, Allegion has nuanced success by buying the Access Technologies Business from
Stanley Black & Decker for
$900 million, promising more jobs and presence in Indy.
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Sat, 01 Jun 2024 16:32:56 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor -6
