Allegion Public Limited Company (ALLE) has been on a steady acquisition spree, drawing attention with purchases of Unicel Architectural, Krieger Specialty Products, Dorcas, and Boss Door Controls. The company also successfully sold $400 Million of Senior Notes and boosted its revolving credit facility, illuminating a smooth financial operation. Many financial institutions, including CIBIC World Markets Corp, Stifel Financial Corp, UBS Group AG, and Oppenheimer Co. Inc., have increased their stakes in ALLE, affirming a potential in growth and value. On top of investments, Allegion has released new products such as Schlage XE360 Series Wireless Locks. Moreover, they've shown strategic planning by appointing new board members. However, ALLE's financial results haven't met anticipations, causing Zacks and others to lower its rating, which may affect the company's stock price. Notably, Allegion participated in an unlikely financial action concerning the acquisition of Stanley Black & Decker's Access Technologies Business and plans on job creation through its subsidiary's expansion in Indianapolis.
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Tue, 11 Jun 2024 12:01:00 GMT -
Rating 6
- Innovation 0
- Information 7
- Rumor -5
