Johnson Controls International plc (NYSE:JCI) Receives Average Recommendation of “Hold” from Analysts

Johnson Controls International plc (NYSE:JCI) has been assigned an average rating of “Hold” from the twenty-three research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $152.85.

A number of analysts recently commented on JCI shares. HSBC lifted their target price on shares of Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Barclays lifted their target price on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Wolfe Research reiterated an “outperform” rating and issued a $171.00 target price on shares of Johnson Controls International in a research note on Wednesday, June 3rd. Sanford C. Bernstein assumed coverage on shares of Johnson Controls International in a research note on Tuesday. They issued an “outperform” rating for the company. Finally, Morgan Stanley lifted their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday.

Insider Activity at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president directly owned 26,215 shares in the company, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

Institutional Trading of Johnson Controls International

Several institutional investors and hedge funds have recently bought and sold shares of the business. Regents Gate Capital LLP lifted its stake in shares of Johnson Controls International by 17.4% in the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock valued at $9,472,000 after purchasing an additional 12,774 shares during the period. Bright Futures Wealth Management LLC. acquired a new position in shares of Johnson Controls International in the 3rd quarter valued at $583,000. Elo Mutual Pension Insurance Co lifted its stake in shares of Johnson Controls International by 23.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock valued at $8,249,000 after purchasing an additional 14,354 shares during the period. Nordea Investment Management AB lifted its stake in shares of Johnson Controls International by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock valued at $274,235,000 after purchasing an additional 142,429 shares during the period. Finally, Kepler Cheuvreux Suisse SA acquired a new position in shares of Johnson Controls International in the 3rd quarter valued at $2,345,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Johnson Controls International Stock Up 2.5%

JCI stock opened at $147.62 on Wednesday. The firm has a 50 day moving average of $139.69 and a 200 day moving average of $130.23. The stock has a market capitalization of $90.07 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. Johnson Controls International has a 52 week low of $100.86 and a 52 week high of $148.70.

Johnson Controls International (NYSE:JCI) last released its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Sell-side analysts forecast that Johnson Controls International will post 4.86 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date is Monday, June 15th. Johnson Controls International’s payout ratio is presently 28.62%.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.