The latest market updates on Allegion Public Limited Company (ALLE) reveal analyzes speculating whether investment in the company and its upcoming dividend is advisable. It is observed that the price target for the company has been set at $126.83. Recent acquisitions made by Allegion including Unicel Architectural, Krieger Specialty Products and the Access Technologies unit from Stanley Black indicates enhancement of their core business and specification capabilities. These acquisitions show expansion of Allegion's market portfolio and offer promising prospects for long-term growth. TD Asset Management Inc procured 1592 shares of Allegion further accentuating its appeal while reporting that Allegion's price remains unaffected by subdued growth. Short interest in Allegion had decreased by 7.1% in May. They have successfully increased their revolving credit facility and announced pricing of $400 million of senior notes. Allegion exhibits a healthy balance sheet and is expected to multiply in the eyes of its shareholders. In addition, Allegion has plans to expand its Indianapolis base furthering its capacity and creating new jobs. Reports on Allegion suggest retaining stocks for potential value multiplication and describes it as a wide-moat spin-off. Allegion appoints John H. Stone as CEO and rings opening bell at New York Stock Exchange marking its debut as a public firm.
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Fri, 28 Jun 2024 09:03:37 GMT - Rating 8 - Innovation 6 - Rumor -2
