Johnson Controls International plc (NYSE:JCI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Johnson Controls International plc (NYSE:JCI) have earned an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $73.43.

Several equities analysts recently commented on JCI shares. Robert W. Baird upped their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer increased their price objective on shares of Johnson Controls International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Mizuho increased their price objective on shares of Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $80.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at $90,383,385.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Nathan D. Manning sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now owns 140,488 shares in the company, valued at $10,828,815.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Oliver sold 110,615 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.67, for a total transaction of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at approximately $90,383,385.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 227,494 shares of company stock worth $16,999,239 in the last quarter. 0.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JCI. Rise Advisors LLC bought a new position in Johnson Controls International during the 1st quarter worth approximately $25,000. Continuum Advisory LLC raised its holdings in Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 208 shares during the last quarter. Wolff Wiese Magana LLC raised its holdings in Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in Johnson Controls International by 39.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after purchasing an additional 202 shares during the last quarter. Finally, Friedenthal Financial bought a new position in Johnson Controls International during the 2nd quarter worth approximately $47,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Trading Up 0.5 %

JCI stock opened at $76.87 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.96. The company’s 50-day simple moving average is $73.66 and its 200 day simple moving average is $69.88. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $78.23. The company has a market capitalization of $51.35 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 2.19 and a beta of 1.29.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The business had revenue of $7.23 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same period in the prior year, the company posted $1.03 earnings per share. Johnson Controls International’s revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Johnson Controls International will post 3.68 earnings per share for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.93%. Johnson Controls International’s dividend payout ratio (DPR) is presently 61.92%.

About Johnson Controls International

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.