Johnson Controls International (NYSE:JCI) Sets New 12-Month High at $75.42

Johnson Controls International plc (NYSE:JCI)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.42 and last traded at $75.25, with a volume of 989962 shares trading hands. The stock had previously closed at $74.10.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on JCI shares. Robert W. Baird boosted their price objective on Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their price target on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer raised their price objective on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Finally, Bank of America upgraded Johnson Controls International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $80.00 in a report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $70.21.

Johnson Controls International Price Performance

The firm has a market capitalization of $50.72 billion, a PE ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. The firm’s fifty day moving average price is $69.95 and its 200 day moving average price is $67.84. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last issued its earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, equities analysts forecast that Johnson Controls International plc will post 3.67 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity at Johnson Controls International

In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total value of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now owns 103,866 shares in the company, valued at approximately $7,344,364.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,046 shares of company stock worth $8,347,562. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JCI. Gilbert & Cook Inc. grew its stake in shares of Johnson Controls International by 4.9% in the 4th quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock valued at $410,000 after buying an additional 334 shares during the period. D.A. Davidson & CO. lifted its holdings in Johnson Controls International by 33.1% in the fourth quarter. D.A. Davidson & CO. now owns 26,919 shares of the company’s stock valued at $1,552,000 after acquiring an additional 6,697 shares during the last quarter. Corient Private Wealth LLC grew its position in Johnson Controls International by 2.5% in the fourth quarter. Corient Private Wealth LLC now owns 125,374 shares of the company’s stock worth $7,227,000 after acquiring an additional 3,070 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Johnson Controls International by 27.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock worth $4,602,000 after acquiring an additional 17,263 shares during the last quarter. Finally, US Bancorp DE raised its position in Johnson Controls International by 41.9% in the fourth quarter. US Bancorp DE now owns 80,778 shares of the company’s stock valued at $4,656,000 after purchasing an additional 23,833 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Company Profile

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.