Why Johnson Controls Stock Is Down Today

Johnson Controls International (NYSE: JCI) delivered quarterly results that were in line with expectations, but with the stock up about 40% since Oct. 1, investors were apparently expecting more. The stock price fell by as much as 7% on Wednesday morning as bulls adjusted to the realities of a difficult operating environment that is impacting many of the company's markets. Johnson Controls manufactures heating, ventilation, and air conditioning (HVAC) products and other building automation equipment for residential and commercial properties.