Gatway Investment Advisers and Contravisory Investment Management have purcahsed Allegion plc shares, whereas International Assets Investment Management sold a significant quantity of Allegion shares. Despite underperforming the market on several instances, Allegion's stock value received a boost. The company's price to earnings ratio is viewed as being on the mark. Allegion has also focused on growth and expansion; acquiring SOSS Door Hardware and Krieger Specialty Product and even launching Google Wallet security credentials on Wear OS smartwatches. A healthy quarterly dividend of $0.48 per share was announced for December 2024, fostering long-term investor confidence. Third quarter 2024 financial reports exceeded expectations. Importantly, Allegion announced the acquisition of Access Technologies Business from Stanley Black & Decker for $900 million in cash. Unfortunately, Barclays revised down the price target of Allegion's stock to $134.00 and issued a pessimistic forecast, and the company was downgraded to 'Hold' by StockNews.com.
Allegion Public Limited Company ALLE News Analytics from Mon, 15 Aug 2016 17:58:53 GMT to Sat, 18 Jan 2025 09:37:53 GMT - Information 8
