Allegion Public Limited Company (ALLE) insiders have recently been placings bullish bets, leading to acquisitions worth US$3.19m. Adding to this,
Allegion declared a generous $0.48 per share quarterly dividend for December 2024, a decision that was welcomed by shareholders. It was also observed that Verition Fund Management and others like Cerity Partners began increasing their shares in Allegion. ALLE also made strategic decisions, one of which included acquiring
SOSS Door Hardware to boost its safety and security portfolio. Moreover, they appointed Franklin Electric Executive Chair Gregg Sengstack to the board, a move seen to strengthen it. ALLE also became the first security solutions provider to support mobile credentials on
Google Smartwatches. Investors are pleased to see a 35% return on the company over the last year. ALLE has expanded its portfolio further by acquiring Unicel Architectural and it plans to acquire Stanley Black & Decker's Access Technology Business. There may be some risk as insiders sold shares worth US$2.8m, but overall, the trajectory looks promising.
Allegion Public Limited Company ALLE News Analytics from Sun, 16 Aug 2015 07:00:00 GMT to Sat, 07 Dec 2024 13:41:06 GMT -
Rating 6
- Innovation 6
- Information 7
- Rumor -4
