Summary
Johnson Controls is a global industrial company founded in 1885 and headquartered in Cork, Ireland. The company, which employs approximately 100,000 people in 150 countries, creates intelligent buildings, efficient energy solutions, integrated infrastructure and transportation systems. The shares are part of the S&P 500.
INDUSTRIAL
Our rating for the industrial sector is market weight. While valuations are attractive, this mainly reflects weak share prices. In a high interest rate environment, corporate demand for industrial solutions has declined and may take some time to recover.
At the end of September, the sector accounted for 8.5% of the S&P 500’s market capitalization. Over the past five years, its weighting has ranged from 8% to 12%. The sector includes industries such as transportation, aerospace and defense, heavy machinery and electrical equipment.
The sector underperformed the market with a profit of
