Johnson Controls International plc (NYSE:JCI) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

Several research firms recently weighed in on JCI. Morgan Stanley upped their price objective on shares of Johnson Controls International from $140.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a research report on Tuesday, June 2nd. Zacks Research raised shares of Johnson Controls International from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. HSBC increased their price target on shares of Johnson Controls International from $127.00 to $136.00 in a report on Thursday, May 7th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $154.00 price objective on shares of Johnson Controls International in a research report on Tuesday, June 2nd.

Johnson Controls International Price Performance

NYSE:JCI traded up $2.42 during trading hours on Friday, hitting $142.95. 2,330,648 shares of the company’s stock traded hands, compared to its average volume of 4,712,872. Johnson Controls International has a 52 week low of $102.09 and a 52 week high of $151.18. The business’s fifty day simple moving average is $141.91 and its two-hundred day simple moving average is $134.52. The company has a quick ratio of 0.85, a current ratio of 1.04 and a debt-to-equity ratio of 0.64. The firm has a market cap of $87.22 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.53 and a beta of 1.31.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share for the quarter. The business had revenue of $6.14 billion for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, research analysts anticipate that Johnson Controls International will post 4.92 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s dividend payout ratio is currently 28.62%.

Insider Transactions at Johnson Controls International

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

Institutional Trading of Johnson Controls International

A number of hedge funds have recently bought and sold shares of JCI. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Johnson Controls International by 5.2% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 2,027 shares of the company’s stock worth $296,000 after acquiring an additional 101 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Johnson Controls International by 57.9% during the 2nd quarter. Annex Advisory Services LLC now owns 5,546 shares of the company’s stock valued at $810,000 after purchasing an additional 2,033 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Johnson Controls International during the 2nd quarter valued at $300,000. Steadtrust LLC raised its position in Johnson Controls International by 5.4% in the 2nd quarter. Steadtrust LLC now owns 2,951 shares of the company’s stock worth $431,000 after purchasing an additional 150 shares during the period. Finally, Whitaker Myers Wealth Managers LTD. raised its position in Johnson Controls International by 17.3% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 16,807 shares of the company’s stock worth $2,456,000 after purchasing an additional 2,483 shares during the period. 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.