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MILWAUKEE—Anuruddha Rathninde, Vice President and President of APAC at Johnson Controls International plc (NYSE:JCI), recently sold 15,000 ordinary shares of the company, according to a filing with the Securities and Exchange Commission. The sale comes as the $68.27 billion building products company trades near its 52-week high, with the stock showing remarkable strength, up nearly 50% over the past year. The shares were sold at a weighted average price of $103.13, with the total transaction valued at approximately $1.55 million. Following this sale, Rathninde holds 42,574.29 shares directly. The shares were sold in multiple transactions, with prices ranging from $103.00 to $103.31. According to InvestingPro analysis, JCI’s technical indicators suggest the stock is in overbought territory, with momentum metrics showing strong returns over the past three months. For deeper insights into insider trading patterns and 15+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Johnson Controls International plc reported second-quarter earnings that surpassed analyst expectations. The company achieved an adjusted earnings per share of $0.82, exceeding the forecasted $0.79, with revenue reaching $5.68 billion, slightly above the anticipated $5.64 billion. Organic sales saw a 7% increase compared to the same period last year. Following these results, Johnson Controls adjusted its full-year earnings per share outlook to approximately $3.60, which is higher than the previous guidance and above Wall Street’s consensus of $3.56. Additionally, Deutsche Bank (ETR:DBKGn) upgraded Johnson Controls’ stock rating from Hold to Buy, raising the price target to $112, citing potential operational improvements under new CEO Joakim Weidemanis. Oppenheimer also increased its price target to $96, maintaining an Outperform rating, after the company raised its adjusted earnings per share guidance for fiscal year 2025. The firm highlighted Johnson Controls’ robust backlog and the growth within its Services division, particularly in the commercial heating, ventilation, and air conditioning sector. Moreover, Johnson Controls announced a realignment of its organizational structure, transitioning to three reporting segments: Americas, EMEA, and APAC, effective April 1, 2025. This change is part of the company’s strategy to simplify operations and accelerate growth.
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