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Stock Market & Financial Investment News

News Breaks
January 8, 2014
08:05 EDTALLEAllegion acquires Schlage Lock de Colombia
Allegion announced the acquisition of certain assets of Schlage Lock de Colombia S.A., the second largest mechanical lock manufacturer in that country with revenues of approximately $12M. The acquisition of certain assets of the privately-owned company, which has distribution in other South and Central American countries, will enable Allegion to leverage its branded residential and commercial product lines to grow its presence in the Spanish-speaking South American security market. Allegion will operate a 45,000-square-foot integrated plant in Bogota, Colombia and will continue to sell product under the Schlage brand, as well as Schlage Lock de Colombia’s Inafer and Segurex brands. Schlage Lock de Colombia owner, Alejandro Urdaneta Santos, will remain with the business as general manager, Allegion Colombia. The company has approximately 350 employees.
News For ALLE From The Last 14 Days
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February 12, 2016
09:59 EDTALLEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aircastle (AYR) upgraded to Buy from Neutral at DA Davidson... Allegion (ALLE) upgraded to Buy from Outperform at CLSA... Bunge (BG) upgraded to Overweight from Neutral at JPMorgan... CAE (CAE) upgraded to Outperform from Market Perform at BMO Capital... Coeur Mining (CDE) upgraded on valuation, financial outlook at BMO Capital... Commerzbank (CRZBY) upgraded to Neutral from Sell at Goldman... ConAgra (CAG) upgraded to Buy from Neutral at BofA/Merrill... Equifax (EFX) upgraded to Buy from Hold at Deutsche Bank... Fresenius SE (FSNUY) upgraded to Buy from Hold at Berenberg... IAC (IAC) upgraded on share repurchase prediction at Stifel... IAMGOLD (IAG) upgraded to Neutral from Sell at Goldman... Louisiana-Pacific (LPX) upgraded to Neutral from Underperform at DA Davidson... Pandora (P) upgraded to Outperform from Market Perform at FBR Capital... Quintiles (Q) upgraded to Buy from Hold at Deutsche Bank... Quotient Technology (QUOT) upgraded to Buy from Hold at Craig-Hallum... Suncor (SU) upgraded to Buy from Neutral at Citi... Time Inc. (TIME) upgraded to Buy from Hold at Gabelli... Vonage (VG) upgraded to Outperform from Sector Perform at FBN Securities... Web.com (WEB) upgraded to Buy from Neutral at SunTrust.
06:53 EDTALLE, ALLEAllegion upgraded to Buy from Outperform at CLSA
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February 11, 2016
06:20 EDTALLEAllegion sees FY16 adjusted EPS $3.25-$3.40, consensus $3.38
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06:19 EDTALLEAllegion reports Q4 Bocom revenue down $55M
As previously disclosed, the company completed the sale of Bocom Wincent Technologies Co., Ltd. in the fourth quarter of 2015. For the fourth quarter, Bocom revenues and operating income were down approximately $55 million and $9 million respectively versus the prior year.
06:18 EDTALLEAllegion reports Q4 America segment revenue down 2%
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06:17 EDTALLEAllegion reports Q4 adjusted EPS 89c, consensus 74c
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February 4, 2016
17:03 EDTALLEAllegion increases dividend 20% to 12c per share
Allegion declared a quarterly dividend of 12c per ordinary share. The announcement reflects a 20% increase from the previous quarterly dividend of 10c per ordinary share. The dividend is payable on March 31 to shareholders of record on March 16.

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