icon
0%

Johnson Controls International Plc JCI - News Analyzed: 3,994 - Last Week: 100 - Last Month: 500

↝ Mixed Outlook for Johnson Controls International Plc Amidst Stock Trading, Leadership Changes, and Major Deals

Mixed Outlook for Johnson Controls International Plc Amidst Stock Trading, Leadership Changes, and Major Deals
Mizuho Securities USA LLC and several other organizations have reportedly sold their shares in Johnson Controls International plc (NYSE:JCI). Conversely, other entities such as Raymond James Trust N.A., King Luther Capital Management Corp, and Jennison Associates LLC have significantly increased their stakes in the company. Despite some losses, Johnson Controls' stock has been outperforming its competitors. However, certain market warnings advise against investing in Johnson Controls right now. The company has been expanding the AI features of its OpenBlue digital platform and has reported a record backlog in its Q4 2024 Earnings Call. There was also a significant selling of shares by insiders. Johnson Controls is set to sell its Residential and Light Commercial HVAC Businesses, and has sealed an $8.1B HVAC deal with Bosch. The firm's Q4 sales surged by 10%, and it has tightened its FY24 Guidance. Despite surpassing estimates, Johnson's Q4 earnings missed revenues. The firm's CEO, George Oliver, sold shares worth $24.4 million. Overall, the reported events suggest a mixed perspective on the company's outlook.

Johnson Controls International Plc JCI News Analytics from Wed, 13 Mar 2024 07:00:00 GMT to Sat, 23 Nov 2024 13:27:36 GMT - Rating 0 - Innovation 5 - Information 6 - Rumor -2

The email address you have entered is invalid.