Why Shares of Johnson Controls Surged Again in November

Heating, ventilation, air conditioning (HVAC), and building controls company Johnson Controls (NYSE: JCI) rose by 11% in November, according to data from S&P Global Market Intelligence. The catalyst for the move comes from the company's fourth-quarter earnings report, released early in the month. The earnings confirmed the powerful investment case for the stock and just why it's one of the most attractive stocks in the industrial sector.Not only did fourth-quarter revenue and earnings come in ahead of guidance, but the company's orders and building solutions backlog growth also set up Johnson Controls for another strong year. The former was up 8% organically from the same quarter last year; the latter rose 7%.Data source: Johnson Controls presentations. Chart by author.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool