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Why Johnson Controls Stock Rose Today

Lee Samaha, The Motley Fool
·2 min read
Why Johnson Controls Stock Rose Today

Shares in building controls and heating, ventilation, and air-conditioning (HVAC) company Johnson Controls (NYSE: JCI) were up by 1.8% by midday today. The move comes after its peer Trane Technologies (NYSE: TT) reported conditions similar to what Johnson Controls reported earlier in the week. CEO George Oliver put it down to "order timing, supply chain realization, and China" lockdowns but also said, "we are seeing incremental improvements in order momentum heading into Q2."

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