Johnson Controls International Target of Unusually High Options Trading (NYSE:JCI)

Johnson Controls International plc (NYSE:JCIGet Rating) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 19,207 call options on the stock. This represents an increase of approximately 1,963% compared to the typical volume of 931 call options.

Johnson Controls International Stock Performance

NYSE JCI opened at $51.24 on Friday. The firm has a market cap of $35.29 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.19 and a beta of 1.17. The company has a 50 day moving average of $54.44 and a 200-day moving average of $55.80. The company has a current ratio of 0.97, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. Johnson Controls International has a 1-year low of $45.52 and a 1-year high of $81.77.

Johnson Controls International (NYSE:JCIGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $6.61 billion during the quarter, compared to analyst estimates of $6.76 billion. Johnson Controls International had a net margin of 4.17% and a return on equity of 11.35%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. On average, equities analysts forecast that Johnson Controls International will post 3 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, September 26th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Friday, September 23rd. Johnson Controls International’s dividend payout ratio is currently 93.96%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their target price on shares of Johnson Controls International from $73.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, June 23rd. Barclays reduced their target price on shares of Johnson Controls International from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Morgan Stanley increased their target price on shares of Johnson Controls International from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, September 1st. Mizuho cut their price target on shares of Johnson Controls International from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, July 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Johnson Controls International from $70.00 to $61.00 in a research note on Wednesday, July 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Johnson Controls International has a consensus rating of “Moderate Buy” and a consensus price target of $67.71.

Institutional Trading of Johnson Controls International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA acquired a new stake in shares of Johnson Controls International in the second quarter valued at approximately $106,000. Brown Advisory Inc. grew its holdings in Johnson Controls International by 23.9% during the 2nd quarter. Brown Advisory Inc. now owns 20,356 shares of the company’s stock worth $975,000 after acquiring an additional 3,928 shares during the period. M&G Investment Management Ltd. grew its holdings in Johnson Controls International by 8.9% during the 2nd quarter. M&G Investment Management Ltd. now owns 1,663,719 shares of the company’s stock worth $79,859,000 after acquiring an additional 136,468 shares during the period. Stock Yards Bank & Trust Co. acquired a new stake in Johnson Controls International during the 2nd quarter worth $327,000. Finally, Summit Global Investments grew its holdings in Johnson Controls International by 13.7% during the 2nd quarter. Summit Global Investments now owns 34,010 shares of the company’s stock worth $1,628,000 after acquiring an additional 4,100 shares during the period. Institutional investors and hedge funds own 88.79% of the company’s stock.

About Johnson Controls International

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Johnson Controls International plc, together with its subsidiaries, engages in engineering, manufacturing, commissioning, and retrofitting building products and systems in the United States, Europe, the Asia Pacific, and internationally. It operates in four segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products.

Further Reading

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