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Despite stock sales by investors, Johnson Controls International's earnings beat forecasts, boosting its "Moderate Buy" rating.
Johnson Controls International (JCI) saw its stock position reduced by Congress Wealth Management and Financial Counselors Inc. in the fourth quarter, with shares sold off significantly.
Despite this, JCI's earnings beat analyst expectations, reporting $0.64 EPS compared to the forecasted $0.59.
The company's stock is rated "Moderate Buy" with a target price of $91.27, and it recently increased its quarterly dividend to $0.37.
JCI, which specializes in building products and systems, has a market cap of $54.28 billion and a P/E ratio of 31.39.
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A pesar de las ventas de acciones por parte de los inversores, las ganancias de Johnson Controls International superaron los pronósticos, aumentando su calificación de "Compra Moderada".