Goldman Sachs Positive on Johnson Controls International (JCI) Following Fiscal Q4 Results

Core Insights - Johnson Controls International plc (JCI) is recognized as a strong industrial stock following its fiscal Q4 earnings, which exceeded market expectations [1][2] - Goldman Sachs has maintained a Buy rating on JCI and raised the price target from $124 to $142, citing a 3% increase in segment EBITDA compared to market consensus [1] - The company reported a GAAP EPS of $0.42 and a 3% increase in Q4 sales to $6.4 billion, with significant growth in both Systems and Service segments [2] Financial Performance - JCI's fiscal Q4 sales reached $6.4 billion, reflecting a 3% growth year-over-year [2] - The company achieved double-digit growth in its Systems segment and high single-digit growth in its Service segment during the quarter [2] - JCI returned $243 million to shareholders in dividends and executed a $5 billion share repurchase program [2] Business Overview - Johnson Controls specializes in designing, distributing, installing, and maintaining HVAC systems, building controls, fire and security systems, and refrigeration units [3] - The company also offers services such as inspections, routine maintenance, repairs, and energy-efficient smart building solutions [3]