Building products and systems company Johnson Controls ' (NYSE: JCI) stock is down a whopping 42% so far in 2022. While it's never a good thing to see such a decline in such a short time, the drop is creating a buying opportunity for a company with a bright future. Here's a look at what's gone wrong so far in 2022, and why the stock presents a good value opportunity for dividend-seeking investors and value opportunists alike.
Johnson Controls is a leading player in the heating, ventilation, air conditioning, and refrigeration (HVACR) market, alongside offering fire & security products. And it's not just equipment; installation makes up 37% of the company's revenue, with service contributing 27%, and then equipment products at 36%.
The key to the investment case for the stock lies in three arguments:
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There's No Better Time to Buy This Dividend Stock