Johnson Controls International Plc (JCI) has seen a series of events impacting its performance, competitiveness, and arising investment opportunities. The multinational conglomerate recently reached a deal to sell its
Residential and Light Commercial HVAC Businesses to
Bosch in a significant $8 billion deal, which raised several questions amongst investors. Although JCI's stock performance has been compared negatively against its competitors on multiple instances, it has not deterred investors like Bessemer Group Inc., Orion Portfolio Solutions LLC, and O Shaughnessy Asset Management LLC from increasing their positions in the company. JCI's Financial Performance Reports such as its
Q2 and
Q3 for 2024 were strongly anticipated which came out to be solid alongside adjusted EPS. Meanwhile, CFO Marc Vandiepenbeeck divested 186 shares, and FY2024 EPS estimates were marginally reduced. In addition, JCI announced cash tender offers, dividends, and appointment of Marc Vandiepenbeeck as CFO and Chris Bontempo as Vice President and Chief Marketing Officer. Johnson Controls also plans to boost profit margins through acquisitions and by enhancing sustainability targets.
Johnson Controls International Plc JCI News Analytics from Fri, 13 Oct 2023 17:24:47 GMT to Sat, 27 Jul 2024 22:17:17 GMT -
Rating 3
- Innovation -5
- Information 9
- Rumor -6
