Johnson Controls International (NYSE:JCI) Reaches New 12-Month High – Should You Buy?

Johnson Controls International plc (NYSE:JCI) hit a new 52-week high on Tuesday . The company traded as high as $148.70 and last traded at $148.1040, with a volume of 183332 shares traded. The stock had previously closed at $144.05.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JCI. Sanford C. Bernstein began coverage on shares of Johnson Controls International in a research report on Tuesday. They set an “outperform” rating and a $176.00 price target on the stock. HSBC lifted their price target on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. UBS Group lifted their price target on shares of Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Morgan Stanley raised their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Mizuho raised their price objective on shares of Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Twelve analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International has an average rating of “Hold” and a consensus price target of $152.85.

Johnson Controls International Stock Down 5.7%

The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm’s 50 day simple moving average is $139.94 and its 200-day simple moving average is $130.41. The stock has a market capitalization of $84.98 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The firm had revenue of $6.14 billion for the quarter. Equities analysts expect that Johnson Controls International plc will post 4.86 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a $0.40 dividend. 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%.

Insider Buying and Selling at Johnson Controls International

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Strategic Investment Advisors MI increased its stake in shares of Johnson Controls International by 1.5% during the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock worth $645,000 after purchasing an additional 78 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Johnson Controls International by 2.5% during the 4th quarter. UMB Bank n.a. now owns 3,261 shares of the company’s stock worth $391,000 after purchasing an additional 79 shares during the last quarter. Lcnb Corp increased its stake in shares of Johnson Controls International by 4.0% during the 4th quarter. Lcnb Corp now owns 2,094 shares of the company’s stock worth $251,000 after purchasing an additional 81 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Johnson Controls International by 6.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,257 shares of the company’s stock worth $165,000 after purchasing an additional 81 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its stake in shares of Johnson Controls International by 2.5% during the 3rd quarter. Catalyst Financial Partners LLC now owns 3,398 shares of the company’s stock worth $374,000 after purchasing an additional 84 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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.