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MILWAUKEE—Nathan D. Manning, Vice President and President, Americas at Johnson Controls International plc (NYSE:JCI), recently sold shares totaling $123,592. The transactions, dated May 1, 2025, involved the sale of 1,422 ordinary shares. The sale comes as JCI trades near its 52-week high of $91.14, with the stock showing strong momentum, up 7.62% in the past week. According to InvestingPro analysis, the company maintains a GOOD financial health score.
The sales were executed at prices ranging from $85.16 to $88.09 per share. Following these transactions, Manning retains ownership of approximately 144,704 shares in the company. With JCI’s market capitalization now at $58.9 billion and earnings scheduled for May 7, investors can access comprehensive analysis and 10+ additional insights through InvestingPro. These transactions were conducted under a Rule 10b5-1 trading plan established on September 12, 2024.
In other recent news, Johnson Controls has announced the appointment of Joakim Weidemanis as its new Chief Executive Officer, effective March 12, 2025. This leadership change comes alongside the company’s fiscal first quarter 2025 earnings results and updated financial guidance for the year. UBS analyst Amit Mehrotra has upgraded Johnson Controls’ stock rating from Neutral to Buy, citing a potential 20% upside and a new price target of $103. The analyst expressed confidence in Weidemanis, highlighting his successful track record at Danaher Corporation (NYSE:DHR) and his potential to improve Johnson Controls’ profit margins. UBS anticipates that the company’s earnings per share could reach $6 by fiscal year 2028, reflecting a compound annual growth rate of approximately 20% from the forecasted EPS for fiscal year 2025. In related developments, Joakim Weidemanis has resigned from his board position at Assa Abloy (OTC:ASAZY) to assume his new role at Johnson Controls. Meanwhile, UBS’s analysis also forecasts positive order growth for Parker-Hannifin Corporation (NYSE:PH), Dover Corporation (NYSE:DOV), and Johnson Controls, supported by steady end-user demand. These recent developments indicate resilience within the US Electrical Equipment and Multi-Industry sector, with companies maintaining or growing orders despite external pressures.
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