Significant movements have surrounded Allegion Public Limited Company (ALLE), including its $27.95 million stock holdings by Los Angeles Capital Management LLC, and the acquisition of Next Door Company, further developing Allegion's specialty door solutions portfolio. Key investors such as Advisor OS LLC and Ieq Capital LLC have increased their shares, while Allegion's Q4 results exceeded expectations with a record $946M revenue, and margins hit an all-time high.
Notably, Allegion has secured contracts with Lemaar to expand accessibility portfolios in Australia and has introduced the Von Duprin 70 series exit devices, targeting a new level of quality at mid-price points. Despite the exciting developments, Goldman Sachs lowered its price target on Allegion to $138 from $150 and Wells Fargo issued a pessimistic forecast. However, Allegion continues to grow its share ownership, including Sumitomo Mitsui Trust Group's recent acquisition. Furthermore, Morgan Stanley favoured Allegion with a positive forecast, and the company also rewarded its investors with an 11th consecutive year dividend raise."
Allegion Public Limited Company ALLE News Analytics from Mon, 02 Dec 2013 08:00:00 GMT to Sat, 01 Mar 2025 09:29:58 GMT - Rating 2 - Innovation 7 - Information 8 - Rumor 0
