Johnson Controls International PLC (NYSE:JCI) stock is jumping to two-year highs, up 4.3% at $71.95 at last glance, after reports that activist hedge fund Elliott built a $1 billion-plus stake in the electrical name. The company also today announced a cash offer for up to $90 million in aggregate principal amount of securities. Johnson Controls International stock only had two negative days since the start of May, after it jumped off the 80-day moving average at the $60 level. Headed for its highest daily p ...

Core Viewpoint - Johnson Controls (JCI) stock has seen significant gains, particularly after Elliott Management acquired a stake exceeding $1 billion, but the stock is now considered fully valued at around $70 per share, reflecting a cautious outlook for the next 12 months [1][3][4]. Group 1: Stock Performance - JCI stock has increased over 20% in 2024 and 55% from $45 in January 2021 to approximately $70, outperforming the S&P 500, which gained 40% in the same period [1]. - The stock's returns were volatile: 75% in 2021, -21% in 2022, and -10% in 2023, indicating underperformance compared to the S&P 500 in 2022 and 2023 [2]. Group 2: Valuation and Earnings - The estimated valuation for Johnson Controls is $70 per share, based on a 19x expected earnings of $3.62 per share for fiscal 2024, which aligns with its historical average P/E ratio [4]. - The company anticipates mid-single-digit organic revenue growth for fiscal 2024, with earnings projected between $3.60 and $3.75 per share on an adjusted basis [4]. Group 3: Market Conditions and Future Outlook - The current macroeconomic environment, characterized by high oil prices and elevated interest rates, raises concerns about JCI's potential to underperform the S&P 500 again [3]. - Despite recent gains, the stock is viewed as fully valued, suggesting that investors may benefit from waiting for a price dip before entering [4].

CORK, Ireland, May 20, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) (the "Company" or "Johnson Controls") today announced that it has commenced tender offers to purchase for cash the debt securities issued by the Company listed in the table below (collectively, the "Securities" and each a "series").Up to $90,000,000 Aggregate Principal Amount of Securities of Johnson Controls International plc Listed Below in the Acceptance Priority Levels Listed BelowTitle of Security CUSIP No. / ISI ...

Key TakeawaysJohnson Controls stock moved higher in premarket trading Monday after Bloomberg reported that activist investor Elliott Investment Management has taken a stake of more than $1 billion in the company.Elliott's reported investment in the company comes at a time when the industrial conglomerate is exploring selling several non-core businesses and has seen a number of senior executive changes.A break above key chart resistance around $70 could lead to a retest of the stock’s all-time high at $81.77 ...

BRAZIL - 2022/06/07: In this photo illustration, the Johnson Controls logo is displayed on a ... [+] smartphone screen and in the background. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesJohnson Controls stock (NYSE: JCI) reported its Q2 fiscal 2024 results last week (fiscal ends in September), with revenue marginally missing and earnings exceeding the street expectations. The company reported revenue of $6.70 billion and adjusted ea ...

Data-Driven Leader with Track Record of Strong Revenue GenerationCORK, Ireland, May 7, 2024 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced it has appointed Chris Bontempo as vice president and chief marketing officer, responsible for marketing strategies across the enterprise to drive demand generation and enhance brand equity, including market development, research and planning. Johnson Controls Vice President and Chief Marke ...

FISCAL Q2 2024 Earnings Conference Call May 1, 2024 FORWARD-LOOKING AND CAUTIONARY STATEMENTS/NON-GAAP FINANCIAL INFORMATION Johnson Controls International plc cautionary statement regarding forward-looking statements Johnson Controls International plc has made statements in this communicationthatare forward-looking and therefore are subject to risks and uncertainties. All statements in this document other than statements of historical fact are, or could be,“forward-lookin ...

Johnson Controls International plc (NYSE:JCI) Q2 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Jim Lucas - VP, IR George R. Oliver - Chairman and CEO Marc Vandiepenbeeck - EVP & CFO and President, Building Solutions EMEALA Conference Call Participants Stephen Tusa - JPMorgan Nigel Coe - Wolfe Research Scott Davis - Melius Research Joseph O'Dea - Wells Fargo Julian Mitchell - Barclays Noah Kaye - Oppenheimer Andrew Kaplowitz - Citigroup Joseph Ritchie - Goldman Sachs Jeffrey Sprag ...

Johnson Controls International plc (JCI) reported second-quarter fiscal 2024 (ended Mar 31, 2024) adjusted earnings of 78 cents per share, which beat the Zacks Consensus Estimate of 75 cents. The bottom line increased 4% year over year.Total revenues of $6.70 billion missed the consensus estimate of $6.75 billion. While the top line was relatively flat year over year, organic revenues inched up 1%.Segmental ResultsBuilding Solutions North America: Revenues were $2.74 billion, up 9% year over year. Our estim ...

Core Viewpoint - Johnson Controls International (JCI) reported earnings that exceeded expectations but faced challenges in the Chinese market, leading to a decline in stock price [1][2]. Financial Performance - In the fiscal second quarter ending March 31, Johnson Controls earned $0.78 per share on revenue of $6.7 billion, surpassing Wall Street's earnings estimate by $0.03 per share, although revenue was approximately $20 million below expectations [2]. - North America showed strong performance with a 9% increase in sales and a 110 basis point improvement in profit margin year over year [2]. - Revenue from the Asia/Pacific region declined by 26% due to ongoing weakness in China, impacting the company's profit margin in that area [2]. Future Outlook - Management forecasts fiscal third-quarter earnings between $1.05 and $1.10 per share, which is below Wall Street's consensus estimate of $1.12 per share [2]. - The company maintains its full-year earnings guidance of $3.60 to $3.75 per share, suggesting potential to meet or exceed the market's average estimate of $3.60 per share [2]. Market Sentiment - Investors reacted negatively to the earnings report, with shares dropping by 7.6% in morning trading, reflecting concerns about the company's performance in the latter part of the year [1][2]. - The management's reliance on favorable conditions in the fourth quarter raises uncertainty, particularly regarding demand in North America and recovery in China [3].