DoD tests AI models that make it easy to switch from vendors like Palantir
Nathan D. Manning, Vice President and President of Building Solutions North America at Johnson Controls International plc (NYSE:JCI), recently sold 1,422 shares of the company’s stock. The transaction, which took place on March 3, 2025, was executed at a price of $86.23 per share, amounting to a total sale value of $122,619. The sale occurred near the stock’s 52-week high of $91.14, with InvestingPro data showing the company currently trades at a P/E ratio of 31.3x. Following this transaction, Manning’s direct ownership stands at 146,924 shares. This sale was conducted under a Rule 10b5-1 trading plan, which Manning adopted on September 12, 2024. According to InvestingPro analysis, JCI maintains strong institutional confidence with 16 analysts revising earnings upward for the upcoming period. The company has demonstrated consistent shareholder returns, maintaining dividend payments for 54 consecutive years. For deeper insights into JCI’s insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Johnson Controls has announced its fiscal first quarter 2025 earnings results and provided financial guidance for the second quarter, along with updated guidance for the full year 2025. The company has also named Joakim Weidemanis as its new CEO, effective March 2025, succeeding George R. Oliver, who will transition to Non-Executive Chairman of the Board. UBS analyst Amit Mehrotra has upgraded Johnson Controls stock from Neutral to Buy, citing confidence in Weidemanis’ leadership and projecting a 20% increase in earnings per share by fiscal year 2028. Conversely, Melius downgraded the stock from Buy to Hold, adjusting the price target to $95 due to concerns about future price-to-earnings ratios amidst AI investment trends. In another development, Johnson Controls has reshuffled its top management roles, appointing Julie Brandt as Vice President and President of Global Field Operations and Nathan Manning as Vice President and President of Building Solutions North America. These leadership changes are part of the company’s strategy to streamline operations and promote growth. Investors are closely watching these developments as Johnson Controls positions itself in the competitive market for building technologies and energy solutions.
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