Johnson Controls International Plc (JCI) has experienced various changes recently. Notably, QRG Capital Management Inc. and EverSource Wealth Advisors LLC have increased their respective holdings, signaling a strong financial standing. Despite reporting unimpressive earnings, the company's stock has frequently outperformed competitors. Talks surrounding a high trade volume of call options further highlight investor appetite for JCI. Johnson Controls is also exploring ways to meet surging demand by forming a new Data Center Solutions Organization. Furthermore, recent portfolio transformations within the company have culminated in leadership succession, with the CEO stepping down. We also note the strategic move to sell its residential and light commercial HVAC business to Bosch and its Air Distribution Technologies Business to TrueLink Capital. Adjusted Q2 and Q3 earnings reports reflect steady performance, with the company maintaining FY24 guidance despite market challenges. In addition, the Goldman Sachs Group has raised their price target for JCI to $81.00. Lastly, the company has shown dedication to sustainability in their latest report and also recently secured a DOE grant to ramp up U.S. heat pump manufacturing.
Johnson Controls International Plc JCI News Analytics from Fri, 13 Oct 2023 17:24:47 GMT to Sun, 11 Aug 2024 04:51:06 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -2
