Johnson Controls International plc (NYSE:JCI) Given Consensus Rating of “Moderate Buy” by Brokerages

Johnson Controls International plc (NYSE:JCI) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $92.94.

Several equities research analysts recently issued reports on the stock. Vertical Research raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Thursday. Citigroup reduced their price target on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Melius Research reissued a “hold” rating and set a $95.00 price objective on shares of Johnson Controls International in a report on Tuesday, January 28th. Wells Fargo & Company boosted their target price on Johnson Controls International from $82.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Robert W. Baird increased their price target on Johnson Controls International from $84.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,422 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $79.72, for a total value of $113,361.84. Following the sale, the vice president now directly owns 145,502 shares in the company, valued at $11,599,419.44. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George Oliver sold 184,331 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $79.49, for a total transaction of $14,652,471.19. Following the sale, the director now owns 1,019,562 shares of the company’s stock, valued at $81,044,983.38. This trade represents a 15.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 728,458 shares of company stock worth $62,293,059 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Compass Financial Services Inc acquired a new position in shares of Johnson Controls International during the fourth quarter valued at $26,000. Accent Capital Management LLC acquired a new position in Johnson Controls International during the 1st quarter valued at about $26,000. Cornerstone Planning Group LLC boosted its stake in shares of Johnson Controls International by 74.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 363 shares of the company’s stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Johnson Controls International during the 4th quarter worth approximately $29,000. Finally, Community Bank N.A. acquired a new position in Johnson Controls International in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $91.96 on Tuesday. The business has a fifty day simple moving average of $80.63 and a 200 day simple moving average of $81.60. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International has a 1 year low of $64.31 and a 1 year high of $92.41. The firm has a market cap of $60.71 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 1.96 and a beta of 1.28.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, sell-side analysts predict that Johnson Controls International will post 3.64 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 Thursday, April 17th. Investors of record on Monday, March 24th were paid a $0.37 dividend. The ex-dividend date was Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. Johnson Controls International’s payout ratio is 56.49%.

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.