Activist Hedge Fund Elliott Builds $1 Billion-Plus Stake in Johnson Controls bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Activist investor Elliott Investment Management has built a large position in industrial giant Johnson Controls International Plc, whose performance has lagged its peers, according to people familiar with the matter. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeChina’s Housing Rescue Too Small to End Crisis, Analysts SayEbrahim Raisi, Iranian President Confronting West, Dies at 63
Elliott Investment Management has reportedly acquired a substantial stake in Johnson Controls International, exceeding $1 billion, ranking it among the top ten investors in the company. Despite a 9.2% rise in Johnson Controls' shares over the past year, the company's performance lags behind industry peers.
Johnson Controls stock moved higher in premarket trading Monday after a report that activist investor Elliott Investment Management has taken a stake of more than $1 billion in the company. Monitor this important chart level.
Johnson Controls International plc (NYSE:JCI) Q2 2024 Earnings Call Transcript May 1, 2024 Johnson Controls International plc beats earnings expectations. Reported EPS is $0.78, expectations were $0.754. JCI isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning and welcome […]