Johnson Controls International plc (NYSE:JCI) Given Average Rating of “Moderate Buy” by Analysts

Johnson Controls International plc (NYSE:JCI) has received an average recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $152.85.

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $154.00 price objective on shares of Johnson Controls International in a research note on Tuesday, June 2nd. Citigroup boosted their target price on shares of Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Oppenheimer restated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Finally, Zacks Research raised shares of Johnson Controls International from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th.

Johnson Controls International Stock Performance

NYSE:JCI opened at $140.79 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. Johnson Controls International has a 1 year low of $102.09 and a 1 year high of $151.18. The stock’s 50 day simple moving average is $141.99 and its two-hundred day simple moving average is $133.70. The company has a market cap of $85.90 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 1.51 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The firm had revenue of $6.14 billion during the quarter. As a group, equities analysts anticipate that Johnson Controls International will post 4.9 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Johnson Controls International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Johnson Controls International by 0.6% in the 3rd quarter. State Street Corp now owns 28,684,645 shares of the company’s stock worth $3,165,286,000 after acquiring an additional 163,167 shares during the last quarter. Franklin Resources Inc. grew its holdings in Johnson Controls International by 3.3% during the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock valued at $2,712,949,000 after purchasing an additional 718,245 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Johnson Controls International by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock valued at $2,064,485,000 after purchasing an additional 280,704 shares during the last quarter. Invesco Ltd. grew its holdings in Johnson Controls International by 13.0% during the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock valued at $1,916,417,000 after purchasing an additional 1,837,220 shares during the last quarter. Finally, Norges Bank purchased a new stake in Johnson Controls International in the 4th quarter worth about $927,739,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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.