A variety of investment moves and market performance shifts have recently been observed within Allegion Public Limited Company (ALLE). Massachusetts Financial Services, Natixis Advisors, CIBC Asset Management, ING Groep, Robeco Institutional Asset Management, and Versor Investments have all increased their stakes in ALLE. The company also gained new assets by acquiring SOSS Door Hardware, Unicel Architectural, and Krieger Specialty Products. Despite these positive movements, the stock faced a few dips, and there has been insider selling of $2.8m of stock. However, Allegion's share has given its investors a noteworthy 35% return over the past year, denoting exceptional long-term value. Moreover, the company has shown promises for future growth, triggering trades, and subsequently, causing its stock to occasionally outperform the market. Strategically, it has engaged in the purchase of Stanley Black & Decker's access technologies business for $900 million, exhibiting industrial growth and expansion. However, it is worth noting that some analysts have given Allegion a 'Reduce' consensus rating.
Allegion Public Limited Company ALLE News Analytics from Mon, 15 Aug 2016 17:58:53 GMT to Sat, 23 Nov 2024 12:47:39 GMT - Rating 3 - Innovation 1 - Information 7 - Rumor -1
