Allegion Public Limited Company (ALLE) saw a decrease in its stock value in the recent market performance despite an increase in holdings by American International Group Inc. and a purchase of 16,860 shares by Norden Group LLC. Vaughan Nelson Investment Management has, however, sold off its ALLE shares. Allegion recently acquired Unicel Architectural, Boss Door Controls, and Dorcas, expanding its core business, UK business, and international access solutions portfolio respectively. The company has also completed the extension of its revolving credit facility. With Allegion set to buy Stanley Black & Decker's Access Technologies Business and add more jobs in Indianapolis, the company's growth potential looks promising. Allegion announced the appointment of John H. Stone as its new CEO and Stacy Cozad as the new General Counsel. It has been recently downgraded to an underweight rating by Barclays, and its Q1-2024 financial results have been released.
Allegion Public Limited Company ALLE News Analytics from Tue, 12 Nov 2013 08:00:00 GMT to Fri, 05 Jul 2024 21:21:00 GMT -
Rating -2
- Innovation 4
- Information 7
- Rumor -3
