Johnson Controls International plc (NYSE:JCI) is experiencing varied financial dynamics. The company has slightly
underperformed in the market, with decrease in the stock holdings by
Gabelli Funds LLC and insider
stock selling actions by its EVP and CFO. The retirement of the Johnson Controls CEO and subsequent naming of a
new director following discussions with Elliott is also a notable event. However, the company has witnessed some positive outcomes with
strong Q2, Q3 and
Q4 results, and has maintained
FY24 guidance while having its dividends affirmed.
Intrinsic stock value calculations and affirmation of
bullish analyst views suggest investment potential. Johnson Controls has also recently embarked on
significant portfolio transformations, showcasing innovation potential, and has formed a
Data Center Solutions Organization in response to rising industry demands. Some of its key business maneuvers include selling its Residential and Light Commercial
HVAC Businesses to Bosch and its Air Distribution Technologies Business to Truelink Capital. At present, it has declared
cash tender offers for its senior notes, further evidencing financial restructuring.
Johnson Controls International Plc JCI News Analytics from Tue, 12 Dec 2023 08:00:00 GMT to Sun, 22 Sep 2024 16:28:35 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -5
