Topic: How To Invest

Q: Pat: What is TSI’s opinion of Johnson Controls on the NYSE? Thank you.

Article Excerpt

A: Johnson Controls International, $58.50, symbol JCI on New York (Shares outstanding: 680.3 million; Market cap: $40.0 billion;, manufactures commercial and residential HVAC equipment, industrial refrigeration systems, controls, security systems, fire-detection systems and fire-suppression solutions. The company also provides technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, security and fire-protection markets). In addition, Johnson Controls offers energy-management consulting. The company is multinational but based in Ireland for tax purposes. Its main office is in Wisconsin, where it was founded in 1885. Johnson Controls operates in four main segments: Building Solutions North America (38% of sales); Building Solutions Europe, Middle East, Africa, Latin America [EMEA/LA] (15%); Building Solutions Asia Pacific (10%); and Global Products (37%). Its brands include Trane HVAC and Tyco fire and security systems. In early 2019, the company sold its Power Solutions business, which includes its automotive battery unit, to Brookfield Business Partners (symbol BBU.UN on Toronto) for $13.2 billion U.S. To finance…