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

Johnson Controls International plc (NYSE:JCI) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $70.21.

JCI has been the topic of a number of research analyst reports. 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. Robert W. Baird upped their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer increased 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. Barclays lowered their target price on Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, StockNews.com raised Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd.

Insider Buying and Selling

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $66.01, for a total value of $77,033.67. Following the transaction, the chief operating officer now directly owns 104,556 shares in the company, valued at $6,901,741.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $66.01, for a total value of $77,033.67. Following the sale, the chief operating officer now owns 104,556 shares in the company, valued at $6,901,741.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $90,383,385.17. The disclosure for this sale can be found here. Insiders have sold 115,046 shares of company stock worth $8,347,562 in the last quarter. 0.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Johnson Controls International by 17.3% in the 4th quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock valued at $4,114,756,000 after buying an additional 10,522,009 shares during the period. Capital World Investors increased its stake in Johnson Controls International by 85.5% in the first quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the period. Fisher Asset Management LLC raised its position in Johnson Controls International by 4.7% in the fourth quarter. Fisher Asset Management LLC now owns 13,514,262 shares of the company’s stock worth $778,962,000 after purchasing an additional 604,142 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Johnson Controls International by 95.9% during the first quarter. Bank of New York Mellon Corp now owns 12,760,120 shares of the company’s stock worth $833,491,000 after purchasing an additional 6,247,250 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Johnson Controls International by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,855,075 shares of the company’s stock valued at $389,214,000 after purchasing an additional 479,548 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

Shares of Johnson Controls International stock opened at $74.10 on Monday. Johnson Controls International has a 12 month low of $47.90 and a 12 month high of $75.36. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a market cap of $49.92 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.29. The business has a fifty day simple moving average of $69.95 and a 200-day simple moving average of $67.84.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $7.53 billion. Johnson Controls International had a return on equity of 13.64% and a net margin of 6.02%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. On average, sell-side analysts anticipate that Johnson Controls International will post 3.67 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

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. The ex-dividend date is Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 2.00%. Johnson Controls International’s payout ratio is presently 59.92%.

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.