Johnson Controls International (NYSE:JCI) Reaches New 1-Year High – Here’s Why

Johnson Controls International plc (NYSE:JCI) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $150.43 and last traded at $150.42, with a volume of 2618331 shares trading hands. The stock had previously closed at $146.11.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JCI shares. Jefferies Financial Group upped their price target on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 15th. Wells Fargo & Company raised their price target on Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. UBS Group upped their price objective on Johnson Controls International from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their target price on Johnson Controls International from $158.00 to $162.00 in a research note on Thursday, May 7th. Finally, BNP Paribas Exane assumed coverage on Johnson Controls International in a research note on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $152.85.

Johnson Controls International Stock Up 0.8%

The firm has a 50-day moving average of $141.86 and a two-hundred day moving average of $133.28. 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 has a market capitalization of $89.85 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.51 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%.The business had revenue of $6.14 billion during the quarter. On average, equities research analysts forecast that Johnson Controls International plc will post 4.89 EPS for the current year.

Johnson Controls International Announces Dividend

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

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction that occurred on 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 sale, the vice president owned 57,059 shares in the company, valued at $8,044,748.41. The trade was a 60.88% 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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JCI. Maseco LLP increased its position in Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock worth $25,000 after buying an additional 107 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in shares of Johnson Controls International during the fourth quarter valued at $27,000. Roxbury Financial LLC grew its position in shares of Johnson Controls International by 71.9% during the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Twin Tree Management LP grew its position in shares of Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after acquiring an additional 895 shares during the last quarter. Finally, YANKCOM Partnership acquired a new stake in shares of Johnson Controls International in the 4th quarter worth about $34,000. 90.05% of the stock is currently owned by institutional investors.

About Johnson Controls International

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.