Aberdeen Group PLC,
BNP PARIBAS ASSET MANAGEMENT, and
Raymond James Financial all made significant moves in their holdings of shares in
Allegion PLC. The company has recently undergone a period of extraordinary growth, leading to an all-time high in share prices and prompting investment firms such as
Fjarde AP Fonden,
Nuveen LLC, and
Martin Investment Management to increase their stakes. Despite this, firms like
Gulf International Bank and
Invesco Ltd, along with
New Jersey's pension fund have reduced their holdings. Moreover,
Zacks Research forecasts strong Q3 earnings for Allegion. The company's
acquisition of Brisant to expand their European market further increases their growth potential. Strategically, Allegion's purchase of access control software provider Gatewise, and its major security tech move with a €330M ELATEC deal hint towards a progressive business model. Lastly, both Barclays and Bank of America have upgraded Allegion's stock rating.
Allegion Public Limited Company ALLE News Analytics from Tue, 04 Feb 2025 08:00:00 GMT to Sun, 24 Aug 2025 00:12:43 GMT -
Rating 8
- Innovation 7
- Rumor 2
