Johnson Controls International (NYSE:JCI) Reaches New 12-Month High at $78.14

Johnson Controls International plc (NYSE:JCI)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $78.14 and last traded at $77.37, with a volume of 155594 shares. The stock had previously closed at $77.61.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays reduced their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Oppenheimer boosted their price objective on Johnson Controls International from $70.00 to $76.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Morgan Stanley started coverage on shares of Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 target price on the stock. The Goldman Sachs Group upped their target price 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. Finally, Royal Bank of Canada raised Johnson Controls International from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $61.00 to $69.00 in a research note on Wednesday, August 14th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Johnson Controls International presently has a consensus rating of “Hold” and an average price target of $71.29.

Johnson Controls International Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.96 and a quick ratio of 0.73. The firm has a 50-day moving average of $70.70 and a 200 day moving average of $68.45. The stock has a market capitalization of $51.56 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 2.03 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion during 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 firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. As a group, sell-side analysts forecast that Johnson Controls International plc will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Wednesday, September 25th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, September 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.92%. Johnson Controls International’s dividend payout ratio is currently 59.92%.

Insider Activity

In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the transaction, the chief operating officer now directly owns 143,488 shares in the company, valued at $10,438,752. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction dated 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 completion of the sale, the chief executive officer now 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. Insiders have sold 113,879 shares of company stock valued at $8,270,529 over the last ninety days. 0.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. M&G Plc acquired a new stake in shares of Johnson Controls International during the 1st quarter worth $120,948,000. Vanguard Group Inc. grew its stake in Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after buying an additional 10,522,009 shares in the last quarter. Cetera Investment Advisers increased its holdings in Johnson Controls International by 470.9% in the 1st quarter. Cetera Investment Advisers now owns 157,980 shares of the company’s stock valued at $10,319,000 after buying an additional 130,308 shares during the period. Gilbert & Cook Inc. raised its position 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 in the last quarter. Finally, First Hawaiian Bank lifted its holdings in shares of Johnson Controls International by 24.7% during the 1st quarter. First Hawaiian Bank now owns 68,432 shares of the company’s stock worth $4,470,000 after acquiring an additional 13,547 shares during the period. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.