- Johnson Controls operates in an attractive industry helping buildings become more energy efficient and intelligent with HVAC, Security, Controls, and Fire offerings, as well as software to optimize their use.
- The company has decent growth and good financial characteristics such as high free cash flow conversion and improving operating margins.
- Unfortunately shares are currently overvalued and we would therefore lean towards either just holding or selling at least part of the position.
For further details see:
Johnson Controls International Is A Great Company But Currently Overvalued