Shares of Johnson Controls Inc (NYSE:JCI) Up In Early Trading As Company Celebrates Golden IPO

NEW YORK – Johnson Controls Inc (NYSE:JCI)’s stock was trading slightly higher in the early session at the New York Stock Exchange as the company celebrates its 50th year of being listed in New York.

As of 10 AM in New York, shares of Johnson Controls Inc was trading at 44.49 apiece, or 0.23 percent higher from its previous close.

Johnson Controls Inc creates products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles.

Company chairman and CEO Alex Molinaroli, along with other company executives, are set to ring the closing bell at 3 p.m. to day to mark Johnson Controls Inc’s 50 years of being listed on the New York Stock Exchange.

The company, which was known then as Johnson Service Company, issued 1.6 million shares of common stock on 11 October, 1965. In that year, the company generated US$92 million in revenue.

“Being listed on the NYSE for 50 years is a testament to our dedicated employees past and present around the world and shareholders who understand our history of focusing on operational excellence, innovation, and exceeding our customers’ expectations,” Molinaroli said.

Today, Johnson Controls Inc (NYSE:JCI) has a market cap of 29.03 billion and posted its 52-week high of 54.52 on June 10. – BusinessNewsAsia.com

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