|Bid||32.18 x 2200|
|Ask||32.19 x 1100|
|Day's Range||31.73 - 32.71|
|52 Week Range||30.60 - 41.53|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||13.89|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.04 (3.18%)|
|1y Target Est||37.92|
Johnson Controls (JCI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
NEW YORK, Dec. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
CORK, Ireland , Dec. 5, 2018 /PRNewswire/ -- The board of directors of Johnson Controls International plc, (NYSE: JCI), has approved a regular quarterly cash dividend of $0.26 per common share payable ...
Brian Duperreault to retire from the Company's board of directors CORK, Ireland , Dec. 5, 2018 /PRNewswire/ -- The board of directors of Johnson Controls International plc, (NYSE: JCI), today announced ...
Johnson Controls' (JCI) Power Solutions segment collaborates with Toshiba to develop and manufacture lithium-ion batteries in the Holland, MI-based facility.
Under the agreement, Power Solutions will work with Toshiba to develop and manufacture lithium-ion batteries in Holland, Mich., where Power Solutions has a significant presence, and pair those batteries with existing lead-acid battery technology as part of dual-battery systems.
The decision to split, which the company has been working on for more than a year, is intended to improve operational performance by creating more focused businesses, and also creates opportunities for further merger and acquisition activity to consolidate their industries. and DowDuPont, of breaking up to create more specialised businesses.
Moody's Investors Service ("Moody's") has assigned an initial A3 rating to senior secured bonds maturing in 2046 totaling approximately $456 million proposed to be issued by LA Gateway Partners, LLC ("project company"). Proceeds of the senior secured bonds will be used to partially fund construction of the project. LA Gateway Partners, LLC is a bankruptcy remote special purpose vehicle, owned indirectly by funds managed by Fengate Asset Management ("Fengate LAGP US I, LLC", 83.3%) and PCL Investments USA, LLC ("PCL LAGP Partnership LP", 16.7%).
On November 21, Albemarle (ALB) announced that it has entered into an exclusivity agreement with Mineral Resources to develop an integrated lithium hydroxide operation in Western Australia. The deal would be a 50-50 joint venture with Mineral Resources. Albemarle would invest $1.15 billion in the joint venture.
The US leveraged loan market is looking forward to its first jumbo buyout loan of 2019 after the US$13.2bn acquisition of Johnson Controls International Plc’s power solutions business by private equity firm Brookfield Business Partners. The sale of the unit, which makes car batteries, is supported by an underwritten debt financing of US$10.2bn, which will include dollar- and euro-denominated loans and bonds, a banker said. The deal has more debt and less equity than most of 2018’s buyout loans as private equity firms issue increasingly aggressive deals to take advantage of strong investor demand for floating-rate debt in a rising interest rate environment.
In third-quarter 2018, earnings for Magna (MGA) and Advance Auto Parts (AAP) surpass the Zacks Consensus Estimate and the figures are higher than the year-ago quarter.
Oppenheimer analyst Noah Kaye believes there's upside and growth potential for a streamlined Johnson Controls focused on its Building Technologies & Solutions division.
Johnson Controls (JCI) signs agreement to sell the power solutions business to Brookfield Business Partners. The expected closing date of the transaction is Jun 30, 2019.
In an interview Tuesday afternoon, Johnson Controls chairman and CEO George Oliver said he expects Power Solutions to remain based in the current facility in Glendale both before and after the $13.2 billion sale closes.
Johnson Controls International PLC is selling its automotive-battery business to a group led by Brookfield Business Partners LP for $13.2 billion in cash, the company said Tuesday. Johnson Controls said it would reap proceeds of $11.4 billion after tax and transaction-related expenses. Brookfield, which is joining with Canadian pension fund Caisse de dépôt et placement du Québec, has been in talks with Johnson Controls for weeks, grinding through the details of the deal.
Chief Executive Officer George Oliver is betting on continued growth of “smart buildings” as companies seek to boost efficiency of working spaces with new technology. With the sale of the power unit to Brookfield Asset Management Inc., Johnson Controls becomes a “pure-play” provider of fire, security, climate control, and building-management systems. The new structure will enable Johnson Controls to lower capital spending and boost profit margins, Oliver said in a conference call with analysts Tuesday.
Johnson Controls employs 2,600 people in the Milwaukee area, including 500 Power Solutions employees at the Glendale headquarters. Power Solutions is expected to remain based in Glendale following Tuesday's sale news, according to a company spokesman.
Johnson Controls announced it will sell Power Solutions, its automotive battery business based in Glendale, to Canadian firm Brookfield Business Partners LP and its institutional partners for $13.2 billion.
Shares of Johnson Controls were up 3.5 percent at $35.40 before the bell. The deal will allow Johnson Controls to focus on its building technologies and solutions business, which makes heating, ventilation and air conditioning systems, as well as building access control and fire detection systems. Reuters had reported, late last month, that Brookfield and Johnson Controls were close to finalizing terms for the sale of the unit, whose batteries are used in about a third of cars globally.
Shares of Johnson Controls were up 3.5 percent at $35.40 before the bell. The deal will allow Johnson Controls to focus on its building technologies and solutions business, which makes heating, ventilation and air conditioning systems, as well as building access control and fire detection systems. Reuters had reported, late last month, that Brookfield and Johnson Controls were close to finalising terms for the sale of the unit, whose batteries are used in about a third of cars globally.
Johnson Controls International PLC is selling its power solutions division to Brookfield Business Partners LP for $13.2 billion.
Johnson Controls International plc will sell its Power Solutions business to Brookfield Business Partners L.P. in a cash transaction worth $13.2 billion, the company announced Tuesday. Power Solutions, which manufactures and distributes battery technology for vehicles, generated $8 billion in revenue in fiscal 2018. The sale will streamline the Johnson Controls portfolio, give the company financial flexibility, and allow it to return money to shareholders, George Oliver, Johnson Control's chief executive officer, said in a statement. The company will use $3.0 billion to $3.5 billion to pay down debt. The transaction is expected to close on June 30, 2019. Johnson Controls shares are up 3.4% in Tuesday premarket trading, but down 10.3% for 2018 to date. The S&P 500 index is up 2% for the year so far.
-- Attractive valuation yields net proceeds of $11.4 billion and provides financial flexibility for shareholder-centric capital allocation -- Transaction creates a pure-play building technologies and solutions ...