Johnson Controls International Plc (JCI) made notable movements in recent times. The company exceeded its Q4 2024 earnings projections, which enhanced its market performance despite occasional underperformance in comparison to its competition. Its Q4 sales saw a considerable 10% surge that was underscored by a massive $8.1B HVAC deal with Bosch. Nevertheless, Q4 revenues did not meet estimates.
JCI's stock value continued to fluctuate, catching the attention of major investors like M&G Plc and Robeco Institutional Asset Management B.V., which built significant positions. In addition, Johnson Controls' stock price underwent regular adjustments, attracting analysts' ratings and price target updates. Recently, the company issued its earnings guidance for Q1 2025 and FY 2025. More significantly, the firm announced executive appointments, including Richard Lek as Vice President & President, Building Solutions EMEALA. Furthermore, the company revealed plans to sell both its Residential and Light Commercial HVAC Businesses, and its air distribution technologies to TrueLink Capital. With regards to dividends, the company confirmed its amount of $0.37. Lastly, Marc Vandiepenbeeck, the company's CFO, sold 186 shares, signaling some hesitation among insiders.
Johnson Controls International Plc JCI News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Sat, 09 Nov 2024 14:40:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
