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Allegion Public Limited Company ALLE - News Analyzed: 1,494 - Last Week: 42 - Last Month: 236

↑ Allegion Public Limited Company (ALLE): Steady Growth and Key Acquisitions Driving Market Performance

Allegion Public Limited Company (ALLE): Steady Growth and Key Acquisitions Driving Market Performance
Allegion Public Limited Company, a safety and security provider, has made several key acquisitions, extending its product portfolio with category leaders such as SOSS Door Hardware, Unicel Architectural, Krieger Specialty Products, and Dorcas. This strategic growth has led the company's stock to outperform the market on multiple occasions. Financial analysts at Zacks, Mizuho, and Wells Fargo have elevated their earnings estimates and price targets, recognizing Allegion as a potential long-term growth stock. Despite some brokerage firms delivering a 'reduce' consensus rating, others like AQR Capital Management and Sei Investments Co. have increased their stakes. Announcements of third-quarter 2024 results and new director appointments to Allegion's board have been scheduled. However, the share price of Allegion could potentially indicate some risk. The company has also ramped up its commitment to environmental, social and governance (ESG) factors, releasing its digital 2023 ESG report. It's notable that Allegion has reached a new 1-year high following an analyst upgrade. Allegion's plan to acquire Stanley Black & Decker’s Access Technologies Business marks another key development.

Allegion Public Limited Company ALLE News Analytics from Mon, 15 Aug 2016 17:58:53 GMT to Fri, 18 Oct 2024 11:00:00 GMT - Rating 7 - Innovation 2 - Information 6 - Rumor -3

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