Previous close | 243.70 |
Open | 244.80 |
Bid | 248.50 x 0 |
Ask | 248.70 x 0 |
Day's range | 244.10 - 248.80 |
52-week range | 199.30 - 269.50 |
Volume | |
Avg. volume | 1,793,116 |
Market cap | 276.029B |
Beta (5Y monthly) | 0.71 |
PE ratio (TTM) | 20.99 |
EPS (TTM) | 11.84 |
Earnings date | 19 Jul 2023 |
Forward dividend & yield | 4.80 (1.97%) |
Ex-dividend date | 10 Nov 2023 |
1y target est | 280.58 |
Here is how Assa Abloy AB (ASAZY) and Desktop Metal, Inc. (DM) have performed compared to their sector so far this year.
ASAZY vs. SSTI: Which Stock Is the Better Value Option?
The Justice Department last year sued to block the proposed deal by Assa Abloy to buy the Spectrum Brands HHI division, which makes residential door hardware, saying the deal could lead to higher prices. Assa Abloy makes Yale, August and EMTEK brands, while Spectrum's division makes the Baldwin and Kwikset brands.
ASAZY vs. SSTI: Which Stock Is the Better Value Option?
Assa Abloy AB (ASAZY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
COPENHAGEN (Reuters) -The world's biggest lockmaker Assa Abloy on Wednesday posted a higher than expected first-quarter operating profit after a "very strong" start to the year and said it would raise prices again to offset inflationary pressure. Assa Abloy said in a statement that its profit had been boosted by higher selling prices, lower material costs, savings, favourable currency rates and strong sales growth, in particular at its Global Technologies and Americas divisions. CEO Nico Delvaux told analysts and media in a call that the group will raise its prices further in coming quarters to compensate for high labour, energy and material costs.
Lawyers for the U.S. Justice Department and Assa Abloy, the world's biggest lockmaker, began arguments Monday in a fight over whether the Swedish company can go forward with a $4.3-billion deal to buy a division of Wisconsin-based Spectrum Brands Holdings Inc that makes residential door locks. Speaking for the government, Matthew Huppert said that Assa Abloy's plans to resolve antitrust concerns by selling some assets, including its Yale smart lock U.S. business, was "insufficient" and "cobbled together to rescue an illegal merger." The government has asked the judge to stop the deal.
JCI vs. ASAZY: Which Stock Is the Better Value Option?
Here is how Assa Abloy AB (ASAZY) and Circor (CIR) have performed compared to their sector so far this year.
STOCKHOLM (Reuters) -Assa Abloy, the world's biggest lockmaker, raised its dividend more than expected as it met quarterly profit forecasts on Friday, signalling its confidence even as it braces for an uncertain economic outlook. The company, whose products range from security doors and automated entrance solutions to electronic and mechanical locks, proposed a dividend of 4.80 crowns per share for 2022, up from 4.20 crowns a year earlier and above the 4.66 crowns seen by analysts.
Shares of Spectrum Brands (NYSE: SPB) were surging 21.9% higher at 11:07 a.m. ET Friday morning after the consumer and home products company announced it was another step closer to selling off its hardware and home improvement (HHI) business for $4.3 billion. While the development could be a good one for Spectrum, it's still an amazing jump in the share price. Over a year ago, Spectrum Brands had announced its intention to sell the HHI business to Assa Abloy (OTC: ASAZY), a Swedish conglomerate.
Fortune Brands (FBHS) reaches an $800 million deal with Assa Abloy to acquire its Emtek and Yale businesses. The deal is contingent upon the closing of Spectrum Brands' sale of HHI to Assa Abloy.
Earlier this year, the U.S. Justice Department had sued to block a $4.3-billion proposed deal by Assa Abloy, the world's No.1 lockmaker, to buy the hardware and home improvement (HHI) division of Spectrum Brands Holdings Inc that makes residential door hardware, as the deal signed last year could lead to higher prices. Reuters had reported in October that Assa Abloy was working to sell its Emtek and smart residential business in the United States to resolve U.S. antitrust issues that are holding up a planned acquisition. "While keeping these residential businesses in the U.S. and Canada would have been preferred, we are confident that we have now fully eliminated all competitive concerns alleged by the DOJ and that the acquisition of HHI is in the long-term interest of our shareholders," Assa Abloy President and Chief Executive Officer Nico Delvaux said in a statement on Friday.
STOCKHOLM (Reuters) -World no.1 lockmaker Assa Abloy warned of slowing demand in some markets and said it was taking cost-cutting measures after on Wednesday posting a jump in third-quarter profits, helped by strong sales and currency effects. "Demand remains strong in most markets, but due to weaker demand in some European markets in the quarter (mainly the UK, France and Benelux), some local organizations have initiated cost-reduction actions to protect their profitability," Chief Executive Nico Delvaux said in a statement. Assa Abloy, whose products range from security doors and automated entrances to electronic and mechanical locks under brands such as Yale, said turnover was up 33% from a year earlier to 23.9 billion crowns.
Assa Abloy AB is considering options including selling its Yale and Emtek locks brands as it seeks to overturn U.S. antitrust opposition to its planned purchase of Spectrum's Hardware and Home Improvement (HHI), three sources familiar with the matter said. Stockholm-listed Assa Abloy, the world's leading lockmaker with a market value of 231.56 billion Swedish crown ($20.79 billion), is working with an advisor to find a buyer for the brands, the sources said, speaking on condition of anonymity. It comes just weeks after the U.S. Department of Justice (DoJ) sued to block the company's proposed $4.3 billion deal to buy a unit of Spectrum Brands Holdings Inc that makes security, plumbing and builders' hardware products.
WASHINGTON (Reuters) -The U.S. Justice Department has sued to block a $4.3-billion proposed deal by Assa Abloy AB to buy a division of Spectrum Brands Holdings Inc that makes residential door hardware, the department said in a statement on Thursday which said the deal could lead to higher prices for consumers. The department said that a merger of Assa Abloy and Spectrum's Hardware and Home Improvement division could mean higher prices and reduced innovation for homeowners who want to buy premium mechanical door hardware or smart locks. Sweden's Assa Abloy makes Yale, August and EMTEK brands, while Spectrum's division makes the Baldwin and Kwikset brands.
ASAZY vs. ALRM: Which Stock Is the Better Value Option?