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

Johnson Controls International plc (NYSE:JCI) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $91.27.

Several equities research analysts have recently commented on JCI shares. Melius downgraded Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a report on Tuesday, January 28th. Royal Bank of Canada upped their target price on Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a report on Thursday, February 6th. Barclays reduced their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, March 10th. Melius Research reaffirmed a “hold” rating and set a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th.

Johnson Controls International Trading Down 0.6 %

Shares of Johnson Controls International stock opened at $82.64 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The firm has a market cap of $54.55 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The business has a fifty day simple moving average of $82.70 and a 200-day simple moving average of $80.04. Johnson Controls International has a fifty-two week low of $59.83 and a fifty-two week high of $91.14.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, equities analysts forecast that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.79%. The ex-dividend date is Monday, March 24th. Johnson Controls International’s payout ratio is currently 56.49%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now directly owns 148,346 shares of the company’s stock, valued at $11,339,568.24. This represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Oliver sold 205,168 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $88.03, for a total value of $18,060,939.04. Following the completion of the transaction, the chief executive officer now directly owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. The trade was a 14.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 905,864 shares of company stock valued at $77,824,710 in the last three months. Insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JCI. Harbour Investments Inc. increased its holdings in shares of Johnson Controls International by 12.7% during the 3rd quarter. Harbour Investments Inc. now owns 2,866 shares of the company’s stock valued at $222,000 after acquiring an additional 322 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Johnson Controls International by 5.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,964 shares of the company’s stock valued at $540,000 after acquiring an additional 390 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Johnson Controls International by 6.8% during the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after acquiring an additional 7,433 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in Johnson Controls International by 255.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 184,494 shares of the company’s stock valued at $14,319,000 after buying an additional 132,547 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Johnson Controls International by 3.7% in the 3rd quarter. Natixis Advisors LLC now owns 860,417 shares of the company’s stock valued at $66,777,000 after buying an additional 30,835 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

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.