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 & Deckerβs 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