CIBC Asset Management Inc has reduced its shares in
Allegion plc by 1871, amidst a series of share acquisitions by other firms, including
Oppenheimer & Co. Inc,
Bank of Nova Scotia,
TD Asset Management Inc,
UBS Group AG, and
NEOS Investment Management LLC. Allegion's recent actions have also drawn focus, particularly their acquisition of
Krieger Specialty Products and
Dorcas, along with the extension and increase of their revolving credit facility. However, Allegion's growth seems subdued despite beating analyst forecasts. The company has also announced the pricing of its
$400 million in Senior Notes. In addition, Allegion is looking to bolster the UK market with the acquisition of
Boss Door Controls. There is also the significant impending purchase of Stanley Black & Decker's Access Technologies Business. Meanwhile,
Allegion's Q1 2024 financial results are out, showing a healthy balance sheet albeit an EPS miss in FY 2023. A dividend increase was announced while Allegion shares' average broker rating has been lowered to 'Hold'.
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Sun, 09 Jun 2024 15:59:12 GMT -
Rating -1
- Innovation 4
- Information 8
- Rumor -3