Welcome to our dedicated page for Allegion news (Ticker: ALLE), a resource for investors and traders seeking the latest updates and insights on Allegion stock.
Allegion plc designs and manufactures security and access solutions for residential, commercial and institutional settings. Its portfolio includes hardware, software and electronic products such as locks, door closers, exit devices, steel doors and frames, access control systems and workforce productivity systems.
Company news commonly covers quarterly results, revenue outlook, organic growth, acquisition and divestiture effects, dividends and share repurchase actions. Product updates focus on electronic access control, mobile credentials, data-center security applications, design and specification tools, and brand activity across CISA, Interflex, LCN, Schlage, SimonsVoss and Von Duprin.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the Barclays Industrial Select Conference on February 24, 2022, in Miami Beach, FL. Chairman, President, and CEO David D. Petratis will lead the discussion. A live webcast will be available on Allegion's investor website. Allegion is a global leader in security solutions, generating $2.7 billion in revenue in 2020, with renowned brands like Schlage® and CISA®. The company focuses on securing access for homes, businesses, and institutions worldwide.
Allegion plc (NYSE: ALLE) declared a quarterly dividend of $0.41 per share, marking a 14% increase from the previous year. This is the eighth consecutive annual dividend increase, reflecting the company's strong cash flow and commitment to shareholder value. The dividend payment date is March 31, 2022, for shareholders of record on March 16, 2022. Allegion's chairman emphasized a balanced capital allocation strategy, underlining confidence in the long-term vitality of the business and ongoing investment in innovation.
Allegion plc (NYSE: ALLE) will release its 2021 fourth-quarter and full-year financial results on February 15, 2022, before the market opens. A conference call will follow at 8 a.m. ET, led by CEO David D. Petratis and CFO Patrick Shannon, to discuss the results with analysts and investors. The call will be accessible via webcast on the company’s website. Allegion reported $2.7 billion in revenue for 2020, focusing on security solutions for various sectors.
On January 4, 2022, Schlage announced the Encode Plus Smart WiFi Deadbolt at CES 2022, enhancing home security and convenience. This smart lock supports Apple's latest home keys capability, allowing users to unlock it via iPhone and Apple Watch without requiring a password. Key features include remote lock management, customizable access codes, and compatibility with Alexa and Google Assistant. Retailing at $299.99, the deadbolt aims to simplify home access. Allegion, Schlage's parent company, reported $2.7 billion in revenue in 2020, positioning it as a global leader in access solutions.
Allegion plc (NYSE: ALLE) announced a quarterly dividend of $0.36 per ordinary share. This dividend will be paid on December 30, 2021, to shareholders on record by December 20, 2021. Allegion, a global leader in security products, reported $2.7 billion in revenue for 2020, showcasing its strong market presence through brands like Schlage and CISA. This dividend declaration reflects the company's commitment to returning value to shareholders while continuing to expand its operations in the security sector.
Allegion plc (NYSE: ALLE) will present its long-term strategy at the Credit Suisse Global Industrials Conference on Wednesday, Dec. 1. The session, featuring Senior VP and CFO Patrick Shannon, can be accessed via Allegion’s investor website.
Allegion is a global leader in security solutions, generating $2.7 billion in revenue in 2020. The company operates renowned brands like Schlage® and Interflex® to secure assets in various sectors, including homes and businesses.
Allegion plc (NYSE: ALLE) has finalized the refinancing of its senior unsecured credit facility. The new five-year facility includes $250 million in term loans and $500 million in revolving loans, with initial borrowings effective as of November 18, 2021. This refinancing maintains investment grade terms akin to the prior facility. The new loans will mature and terminate on November 18, 2026. The company emphasizes that these changes will provide operational flexibility amidst ongoing global challenges, including the impacts of the COVID-19 pandemic and supply chain disruptions.
Allegion US announced the launch of Schlage NDE and LE mobile-enabled wireless locks featuring an optional Si capability. These locks are compatible with HID smart cards and Seos credentials, enhancing access control in buildings. The new locks allow facility managers to integrate advanced security features deeper into their premises, improving interoperability. Allegion emphasizes a commitment to open architecture and flexibility, catering to customer needs while leveraging existing credential investments.
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Allegion plc (NYSE: ALLE) hosted virtual field trips for over 500 students as part of its initiative during National Manufacturing Month. This annual event aims to bridge the skills gap projected to leave 2.1 million manufacturing jobs unfilled by 2030. The company pivoted to virtual events in 2020 due to the pandemic. The online experiences featured tours, employee interviews, and presentations from industry leaders. Allegion emphasizes its commitment to supporting educators and offering career opportunities, including tuition reimbursement and apprenticeship programs.