Johnson Controls stock hits all-time high at $98.34

Johnson Controls International plc (NYSE:JCI) stock soared to an all-time high, reaching a price level of $98.34, with InvestingPro data showing the company achieved a perfect Piotroski Score of 9, indicating strong financial health. This milestone underscores a period of robust performance for the multinational conglomerate, which specializes in building products and technology solutions. Over the past year, Johnson Controls has witnessed a remarkable growth trajectory, with its stock value climbing by 34.17%. The company’s strong fundamentals are reflected in its 55-year streak of consecutive dividend payments and recent analyst optimism, with nine analysts revising their earnings expectations upward. This impressive one-year change reflects investor confidence in the company’s strategic direction and its ability to capitalize on emerging market trends in the smart infrastructure industry. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its Fair Value, with 11 additional exclusive ProTips available for subscribers seeking deeper insights into JCI’s investment potential.

In other recent news, Johnson Controls International plc reported second quarter earnings that exceeded expectations, with adjusted earnings per share at $0.82, surpassing the anticipated $0.79. Revenue also outperformed forecasts, reaching $5.68 billion compared to the expected $5.64 billion, marking a 1% year-over-year increase. The company raised its full-year EPS outlook to approximately $3.60, above the Wall Street consensus of $3.56. Additionally, Johnson Controls has shifted its organizational structure from four to three reporting segments to streamline operations and align with its strategic goals.

Deutsche Bank (ETR:DBKGn) has upgraded Johnson Controls’ stock from Hold to Buy, increasing the price target to $112, citing potential operational improvements under new CEO Joakim Weidemanis. Oppenheimer also raised its price target for the company to $96 following a successful second fiscal quarter, where Johnson Controls surpassed revenue and earnings expectations. The company has enhanced its free cash flow conversion guidance to 100% for fiscal year 2025, reflecting improved working capital management. Both firms express confidence in the company’s strategic direction and financial performance under its new leadership.

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