GRID, ETN, JCI, PWR: ETF Inflow Alert
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 23 2024
0mins
Source: NASDAQ.COM
- Stock Price Analysis: The article discusses GRID's stock price range, with a low of $85.10 and a high of $121.65 in the past 52 weeks. The last trade was at $120.52, and it compares this to the 200-day moving average for technical analysis.
- Exchange Traded Funds (ETFs): ETFs are highlighted as trading like stocks but involve buying and selling "units." These units can be traded back and forth like stocks or created/destroyed based on investor demand, impacting underlying holdings.
- Monitoring ETF Flows: The article mentions monitoring week-over-week changes in shares outstanding data for ETFs to track notable inflows (new units created) or outflows (old units destroyed), which can affect the ETF's underlying components.
- Notable Inflows: It references finding out about 9 other ETFs with notable inflows, indicating increased investor interest and potential impacts on underlying holdings.
- Disclaimer: The views expressed in the article are those of the author and may not necessarily reflect those of Nasdaq, Inc.
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Analyst Views on JCI
Wall Street analysts forecast JCI stock price to fall
11 Analyst Rating
6 Buy
5 Hold
0 Sell
Moderate Buy
Current: 140.980
Low
130.00
Averages
139.20
High
154.00
Current: 140.980
Low
130.00
Averages
139.20
High
154.00
About JCI
Johnson Controls International plc specializes in smart buildings. The Company's segments include Americas, EMEA and APAC. The Company is engaged in engineering, manufacturing, commissioning and retrofitting building products and systems, including commercial heating, ventilating, air-conditioning (HVAC) equipment, industrial refrigeration systems, controls, security systems, fire-detection systems and fire-suppression solutions. The Company also serves customers by providing technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, controls, security and fire-protection space) and energy-management consulting. The Company serves various industries, including healthcare, schools, data centers, airports, stadiums and manufacturing. The Company's OpenBlue digital software platform enables enterprises to better manage their physical spaces by combining its building products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Johnson Controls Announces Q2 2026 Earnings Call and Investor Event
- Earnings Call Scheduled: Johnson Controls will hold its Q2 2026 earnings conference call on May 6, 2026, at 8:30 a.m. ET, aimed at providing investors with insights into its financial performance and strategic direction, which is expected to positively influence the company's stock price.
- Investor Engagement Event: The company will host a 'Going to Gemba' investor day on June 1, 2026, designed to illustrate the implementation of its proprietary Business System through site visits and discussions with management, enhancing investor understanding of the company's operational model.
- Event Content Overview: This event will include site tours showcasing the company's innovation, manufacturing, and service execution, demonstrating how Johnson Controls enhances operational efficiency through its Business System, thereby fostering a culture of sustainability and solidifying its market position.
- Live Webcast and Materials: Although the event is by invitation only, select portions will be available via live webcast on the company's Investor Relations website, with related materials archived, ensuring that investors unable to attend in person can access key information, thereby enhancing transparency and investor trust.
See More
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- Earnings Call Announcement: Johnson Controls will hold its Q2 Fiscal 2026 earnings conference call on May 6, 2026, at 8:30 AM ET, accessible via live webcast, with presentation slides available for download that morning to ensure transparency and timely information dissemination.
- Investor Engagement Event: The company is hosting a 'Going to Gemba Day' on June 1, 2026, inviting investors and analysts to tour its Advanced Development Engineering Center in Pennsylvania, showcasing a 150-year legacy in HVAC and thermal technologies and how its Business System accelerates new product introductions.
- Facility Tours: The event will include visits to key facilities such as the Airside Center of Excellence and a local market office in Baltimore, illustrating how the Business System enhances productivity and customer service, thereby supporting sustainable growth.
- Management Participation: CEO Joakim Weidemanis and CFO Marc Vandiepenbeeck will participate in discussions during the event, showcasing the company's strategy and innovation, further enhancing investor understanding of its operational model.
See More
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- Asset Divestiture Expectations: Barclays analysts noted that Johnson Controls (JCI) may sell its Access Control and Intrusion Detection units, potentially valued at $4.5 billion, aligning with market expectations and reflecting the company's ongoing strategic shift.
- Earnings Impact Analysis: Analysts suggest that absent reinvestment, the sale could lead to approximately 5% dilution in adjusted earnings per share, primarily due to tax leakage consuming about 20% of gross proceeds, highlighting the complexities of asset divestiture.
- Capital Allocation Key: Barclays emphasized that how JCI deploys the proceeds from the sale will be critical; if used for share buybacks while increasing leverage to a net debt-to-EBITDA ratio of 2.0x, the EPS impact could be neutralized, underscoring the importance of capital allocation decisions.
- Widespread Industry Impact: Analysts pointed out potential buyers like Allegion, APi Group, and Honeywell could benefit from acquisitions, with expectations that these deals could be earnings-accretive as early as 2027, indicating the event's broader implications for M&A opportunities across the sector.
See More
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- Potential Sale Plan: Johnson Controls is evaluating the sale of two business units in its security division, which could be worth up to $4.5 billion, indicating the company's strategic intent to optimize its asset portfolio.
- Advisory Support: The company is working with advisers to garner interest in its Access Control and Intrusion Detection units, although discussions are still in the early stages, and it may opt to sell them separately or as a whole.
- Historical Transaction Background: Johnson Controls completed the $6.9 billion sale of its Residential and Light Commercial HVAC business to Bosch Group last year, demonstrating its proactive approach to asset restructuring.
- Market Reaction: Shares of Johnson Controls edged up by 0.6% in after-hours trading, reflecting a positive market response to its potential sale plans, which may enhance investor confidence.
See More
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- Sharp Stock Declines: Shares of major HVAC manufacturers, including Johnson Controls (JCI) down 4.7% and Carrier Global (CARR) down 7%, experienced significant drops, with Lennox International (LII) leading the losses at 8.4%, indicating a severe blow to investor confidence in the sector's pricing power.
- Lawsuit Context: The proposed class-action lawsuit, Berg v. Robert Bosch, LLC, filed in the U.S. District Court for the Eastern District of Michigan, alleges that leading HVAC manufacturers coordinated price increases since January 2020, potentially inflating costs for customers in both residential and commercial markets, highlighting serious concerns about price manipulation in the industry.
- Coordination Allegations: The complaint claims that manufacturers justified repeated price hikes by citing supply chain disruptions and rising input costs, yet plaintiffs argue these justifications fail to account for the scale of the increases, suggesting that collusion may have occurred, which raises significant regulatory concerns.
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See More
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- Investment Theme Analysis: Oppenheimer outlined five investable themes, including the physical-to-digital connection, emphasizing the value of sensors and data pipelines, with companies in this space expected to benefit from automation trends, including Aeva Technologies and Tesla.
- Automation Tools Opportunity: The analysts identified automation tools that can reskill transitioning workforces, recommending companies like Caterpillar and Rockwell Automation, which enhance worksite experiences through task automation and AI agents.
- Autonomous Systems Development: Oppenheimer also highlighted companies supporting autonomous physical systems, such as Mobileye Global and Aurora Innovation, noting that as fully autonomous solutions are commercialized, human roles will still be essential for remote monitoring and maintenance to ensure safety and problem resolution.
See More
Johnson Controls Announces Q2 2026 Earnings Call and Investor Event
- Earnings Call Scheduled: Johnson Controls will hold its Q2 2026 earnings conference call on May 6, 2026, at 8:30 a.m. ET, aimed at providing investors with insights into its financial performance and strategic direction, which is expected to positively influence the company's stock price.
- Investor Engagement Event: The company will host a 'Going to Gemba' investor day on June 1, 2026, designed to illustrate the implementation of its proprietary Business System through site visits and discussions with management, enhancing investor understanding of the company's operational model.
- Event Content Overview: This event will include site tours showcasing the company's innovation, manufacturing, and service execution, demonstrating how Johnson Controls enhances operational efficiency through its Business System, thereby fostering a culture of sustainability and solidifying its market position.
- Live Webcast and Materials: Although the event is by invitation only, select portions will be available via live webcast on the company's Investor Relations website, with related materials archived, ensuring that investors unable to attend in person can access key information, thereby enhancing transparency and investor trust.
See More
Johnson Controls Announces Q2 Fiscal 2026 Earnings Call and Investor Event Details
- Earnings Call Announcement: Johnson Controls will hold its Q2 Fiscal 2026 earnings conference call on May 6, 2026, at 8:30 AM ET, accessible via live webcast, with presentation slides available for download that morning to ensure transparency and timely information dissemination.
- Investor Engagement Event: The company is hosting a 'Going to Gemba Day' on June 1, 2026, inviting investors and analysts to tour its Advanced Development Engineering Center in Pennsylvania, showcasing a 150-year legacy in HVAC and thermal technologies and how its Business System accelerates new product introductions.
- Facility Tours: The event will include visits to key facilities such as the Airside Center of Excellence and a local market office in Baltimore, illustrating how the Business System enhances productivity and customer service, thereby supporting sustainable growth.
- Management Participation: CEO Joakim Weidemanis and CFO Marc Vandiepenbeeck will participate in discussions during the event, showcasing the company's strategy and innovation, further enhancing investor understanding of its operational model.
See More
Johnson Controls May Divest Security Business Worth $4.5 Billion
- Asset Divestiture Expectations: Barclays analysts noted that Johnson Controls (JCI) may sell its Access Control and Intrusion Detection units, potentially valued at $4.5 billion, aligning with market expectations and reflecting the company's ongoing strategic shift.
- Earnings Impact Analysis: Analysts suggest that absent reinvestment, the sale could lead to approximately 5% dilution in adjusted earnings per share, primarily due to tax leakage consuming about 20% of gross proceeds, highlighting the complexities of asset divestiture.
- Capital Allocation Key: Barclays emphasized that how JCI deploys the proceeds from the sale will be critical; if used for share buybacks while increasing leverage to a net debt-to-EBITDA ratio of 2.0x, the EPS impact could be neutralized, underscoring the importance of capital allocation decisions.
- Widespread Industry Impact: Analysts pointed out potential buyers like Allegion, APi Group, and Honeywell could benefit from acquisitions, with expectations that these deals could be earnings-accretive as early as 2027, indicating the event's broader implications for M&A opportunities across the sector.
See More
Johnson Controls Evaluates Sale of Security Division Businesses Worth $4.5 Billion
- Potential Sale Plan: Johnson Controls is evaluating the sale of two business units in its security division, which could be worth up to $4.5 billion, indicating the company's strategic intent to optimize its asset portfolio.
- Advisory Support: The company is working with advisers to garner interest in its Access Control and Intrusion Detection units, although discussions are still in the early stages, and it may opt to sell them separately or as a whole.
- Historical Transaction Background: Johnson Controls completed the $6.9 billion sale of its Residential and Light Commercial HVAC business to Bosch Group last year, demonstrating its proactive approach to asset restructuring.
- Market Reaction: Shares of Johnson Controls edged up by 0.6% in after-hours trading, reflecting a positive market response to its potential sale plans, which may enhance investor confidence.
See More
Major HVAC Manufacturers' Shares Plummet Amid Antitrust Lawsuit
- Sharp Stock Declines: Shares of major HVAC manufacturers, including Johnson Controls (JCI) down 4.7% and Carrier Global (CARR) down 7%, experienced significant drops, with Lennox International (LII) leading the losses at 8.4%, indicating a severe blow to investor confidence in the sector's pricing power.
- Lawsuit Context: The proposed class-action lawsuit, Berg v. Robert Bosch, LLC, filed in the U.S. District Court for the Eastern District of Michigan, alleges that leading HVAC manufacturers coordinated price increases since January 2020, potentially inflating costs for customers in both residential and commercial markets, highlighting serious concerns about price manipulation in the industry.
- Coordination Allegations: The complaint claims that manufacturers justified repeated price hikes by citing supply chain disruptions and rising input costs, yet plaintiffs argue these justifications fail to account for the scale of the increases, suggesting that collusion may have occurred, which raises significant regulatory concerns.
- Industry Behavior Scrutiny: The lawsuit also points to trade organizations and industry publications as potential channels for information exchange among competitors, amplifying concerns about coordinated behavior, which indicates increasing scrutiny from regulators on the HVAC sector's practices.
See More
AI Sparks Potential Blue-Collar Renaissance Amid Job Disruption Fears
- Blue-Collar Employment Revival: Oppenheimer analysts suggest that while AI may rapidly displace white-collar jobs, it could simultaneously drive demand for blue-collar roles, particularly in manufacturing, with employment projected to remain below pre-pandemic levels by 2026.
- Investment Theme Analysis: Oppenheimer outlined five investable themes, including the physical-to-digital connection, emphasizing the value of sensors and data pipelines, with companies in this space expected to benefit from automation trends, including Aeva Technologies and Tesla.
- Automation Tools Opportunity: The analysts identified automation tools that can reskill transitioning workforces, recommending companies like Caterpillar and Rockwell Automation, which enhance worksite experiences through task automation and AI agents.
- Autonomous Systems Development: Oppenheimer also highlighted companies supporting autonomous physical systems, such as Mobileye Global and Aurora Innovation, noting that as fully autonomous solutions are commercialized, human roles will still be essential for remote monitoring and maintenance to ensure safety and problem resolution.
See More
