Allegion Public Limited Company(NYSE:ALLE) continues to attract new shareholders with various companies like
American Century Companies Inc., JPMorgan Chase & Co., LPL Financial LLC, and Prudential Financial Inc., significantly increasing their stock positions. However, some like
Schroder Investment Management Group and Pictet Asset Management Holding SA sold part of their Allegion shares. Allegion's ROE of 40% outperforms the average, branding it as a
strong value stock.
Boosting product portfolio, it recently acquired
Trimco Hardware and the Next Door Company. Despite bullish signals, Barclays remained underweight, lowering Allegion's price target to $126. Allegion's
Q4 2024 financial results not only showcased strong revenue growth but also introduced the company's 2025 outlook. Key corporate adjustments have happened, including appointing Stacy Cozad as new General Counsel, and John Stone as President and CEO, taking over from David Petratis who takes the role of Executive Chairman before retirement. Lastly, Allegion's expansion to Australia took a major leap with the Lemarr Acquisition in the security sector.
Allegion Public Limited Company ALLE News Analytics from Mon, 15 Aug 2016 17:58:53 GMT to Sat, 05 Apr 2025 11:23:35 GMT -
Rating 6
- Innovation 8
- Information 4
- Rumor 3
