Allegion Public Limited Company (ALLE), a key player in the security sector, recently made major strides through both acquisitions and recognition for their impressive work. Included is the acquisition of ELATEC for €330M to boost their product portfolio and global electronic access capabilities. They have also brought on board Novas, an Australian door hardware brand, further solidifying their market presence. Furthermore, Allegion's stock is also seeing a positive trend, with several asset management firms such as Azzad Asset Management Inc., Pallas Capital Advisors LLC, and Kera Capital Partners Inc. increasing their stock holdings. The company's favourability is additionally echoed by brokerages setting ALLE's price target at $140.40. Allegion's performance extends to its financial earnings as well with a reported 20% rise in EPS. Appointments to Allegion's board of directors also signify a possible direction for future growth and innovation within the firm. Additionally, Allegion was recognized as a top momentum stock for the long term and as a 2025 Gallup Exceptional Workplace Award Winner. Finally, the introduction of Schlage's New Advanced Rekey Technology stands as an example of Allegion's commitment to continuous innovation.
Allegion Public Limited Company ALLE News Analytics from Mon, 15 Aug 2016 17:58:53 GMT to Sat, 14 Jun 2025 21:08:14 GMT -
Rating 8
- Innovation 6
- Rumor 2
