Legal & General Group Plc reduces its stake in Johnson Controls International plc, while the stockp outperforms competitors on a strong trading day. The company is highlighted for offering smart buildings, providing a competitive edge for commercial real estate and retail leaders. Various institutional investors, including MBB Public Markets I LLC and Point72 Asia Singapore, acquire notable shares, among other market activities.
Johnson Controls announces a quarterly dividend of $0.37. The company also took strategic actions, including selling its residential and light commercial HVAC businesses and announcing the initiation of a CEO succession following significant milestones in portfolio transformation. Johnson Controls also plans to sell its Air Distribution Technologies business to Truelink Capital.
Various analysts from Zacks Research and Bank of America are positive on the company, with earning estimates increased and price target raised to $95.00. In other news, Bosch purchased Johnson Controls' air-conditioning assets in an $8 billion deal. Titanic achievements like hitting a 52-week high and reports of solid Q1-Q3 results further bolster the company's position in the market.
However, there were concerns about new emerging risks, requiring a cautious look at the company.
Johnson Controls International Plc JCI News Analytics from Tue, 12 Dec 2023 08:00:00 GMT to Sun, 29 Sep 2024 09:47:34 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor 3
