Johnson Controls International Plc (JCI) has made several significant announcements recently. Among these, the declaration of a
quarterly dividend of
$0.37 per share stands out. Their stock performance has been strong, outperforming competitors on multiple trading days. Some bullish analysts see Johnson Controls potentially heading towards a
new strategic direction. The company confirmed its
dividend despite experiencing strong trading. They raised their standing to a buy at
BofA based on data center exposure, with focus on the forthcoming CEO. Johnsonβs plans to sell residential and light commercial HVAC businesses show decisive action. The company has reportedly also reported solid
Q2 and
Q3 results, maintaining its
FY24 guidance. A notable decision is the initiation of
CEO succession following significant milestones in portfolio transformation. It is noted that the intrinsic value of Johnson Controls could make it an undervalued tech stock to invest in. Some analysts have turned bullish, citing top five upgrades, signaling strong interest from investors.
The company announced cash tender offers for up to $90 million in aggregate principal amount of senior notes and emphasized its sustainability targets in its 2024 Sustainability Report. Morgan Stanley initiated coverage of Johnson Controls with an overweight recommendation.
Johnson Controls International Plc JCI News Analytics from Tue, 12 Dec 2023 08:00:00 GMT to Sun, 15 Sep 2024 12:49:11 GMT -
Rating 7
- Innovation 8
- Information 8
- Rumor -3
