Functional Brands closes $8 million private placement and completes Nasdaq listing
Schlitz Lei Zhang, VP & President, Global Products at Johnson Controls International (NYSE:JCI), sold 10,500 ordinary shares of the company on November 6, 2025, for approximately $1.28 million. The shares were sold in multiple transactions at prices ranging from $121.78 to $122.35.
Following the transaction, Zhang directly owns 115,219.5 shares of Johnson Controls International plc.
In other recent news, Johnson Controls reported impressive fourth-quarter results, surpassing analyst expectations for both adjusted earnings and revenue. This performance contributed to a 3% rise in the company’s shares. The company also demonstrated strong order growth, with a 6% organic increase, compared to 2% in the previous quarter. Additionally, Johnson Controls’ backlog grew by 13% on an organic basis year over year. UBS responded to these developments by reiterating its Buy rating for the company, maintaining a price target of $124.00. These recent developments highlight the company’s robust performance and potential future growth.
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