Johnson Controls International plc (JCI) – What Are Researchers Thinking About This Stock?

Shares of Johnson Controls International plc (NYSE:JCI) have received a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $163.05.

A number of research analysts have issued reports on JCI shares. Wells Fargo & Company began coverage on shares of Johnson Controls International in a research note on Thursday, September 24th. They set an “overweight” rating and a $186.00 price target on the stock. Weiss Ratings raised shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a report on Thursday, October 8th. UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a research note on Wednesday, September 16th. The Goldman Sachs Group lifted their price objective on shares of Johnson Controls International from $186.00 to $191.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Finally, Citigroup boosted their price objective on shares of Johnson Controls International from $157.00 to $170.00 and gave the company a “neutral” rating in a report on Monday, October 12th.

Insider Buying and Selling

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of Johnson Controls International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total transaction of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares of the company’s stock, valued at approximately $2,298,652.19. The trade was a 60.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of JCI. SteelPeak Wealth LLC lifted its position in shares of Johnson Controls International by 9.8% in the third quarter. SteelPeak Wealth LLC now owns 25,903 shares of the company’s stock valued at $3,861,000 after acquiring an additional 2,312 shares in the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Johnson Controls International in the third quarter worth approximately $384,000. Kintegral Advisory LLC increased its position in shares of Johnson Controls International by 0.6% during the third quarter. Kintegral Advisory LLC now owns 26,553 shares of the company’s stock worth $3,958,000 after purchasing an additional 150 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Johnson Controls International by 4.7% during the third quarter. TD Waterhouse Canada Inc. now owns 130,788 shares of the company’s stock worth $19,862,000 after purchasing an additional 5,908 shares in the last quarter. Finally, Wealth Intelligence LLC increased its position in shares of Johnson Controls International by 1.1% during the third quarter. Wealth Intelligence LLC now owns 27,343 shares of the company’s stock worth $4,065,000 after purchasing an additional 296 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

Shares of JCI stock opened at $145.19 on Tuesday. Johnson Controls International has a fifty-two week low of $107.77 and a fifty-two week high of $160.41. The firm has a market capitalization of $87.95 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 1.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.83 and a current ratio of 1.00. The stock’s 50-day simple moving average is $147.36 and its 200-day simple moving average is $143.66.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. As a group, equities analysts forecast that Johnson Controls International will post 5.08 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, September 21st were paid a $0.40 dividend. The ex-dividend date was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s dividend payout ratio (DPR) is 27.83%.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.