Allegion Public Limited Company (ALLE) has recently been subject to various financial maneuvers. After its
Q2 revenue growth hitting a record $1.022 billion, there have been multiple
investments and divestments among leading financial institutions, including Victory Capital Management Inc., AE Wealth Management LLC, and others. ALLE stock soared 4.46% on July 17, followed by a target price hike by Goldman Sachs to $170.00, signaling bullish market sentiment. The company's active acquisitions strategy is on the radar, with recent procurement of software provider
Gatewise and security tech company
ELATEC. These purchases significantly expand Allegion's digital access portfolio, reinforcing their industry position, the acquisition of ELATEC being a major move valued at €330M. Part of their growth strategy was revealed at Bank of America conference by Allegion CFO. A new investment was recently made by Cooke & Bieler LP, and Beacon Investment Advisory Services remain substantial stakeholders. Allegion’s strong financials and strategic acquisitions evidently retain investor interest. Notably, the company's new ultra-quiet motorized locks innovation will potentially transform
access control in hospitals and schools, demonstrating continuous engagement in innovation and expanding product portfolio.
Allegion Public Limited Company ALLE News Analytics from Mon, 15 Aug 2016 17:58:53 GMT to Sat, 02 Aug 2025 23:52:25 GMT -
Rating 7
- Innovation 6
- Information 6
- Rumor -4
