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

Johnson Controls International plc (NYSE:JCI) has earned a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $75.64.

Several analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Johnson Controls International in a report on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective on the stock. The Goldman Sachs Group raised their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. StockNews.com downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird raised their target price on Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Bank of America raised their target price on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th.

Johnson Controls International Stock Performance

JCI opened at $86.60 on Tuesday. The firm has a market capitalization of $57.85 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 2.46 and a beta of 1.29. The stock’s 50 day moving average price is $75.32 and its two-hundred day moving average price is $71.02. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Johnson Controls International has a 12-month low of $50.60 and a 12-month high of $87.16.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, September 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.71%. Johnson Controls International’s payout ratio is currently 58.27%.

Insider Transactions at Johnson Controls International

In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO George Oliver sold 110,615 shares of Johnson Controls International stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $76.79, for a total transaction of $8,494,125.85. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the sale, the chief operating officer now directly owns 140,488 shares of the company’s stock, valued at approximately $10,828,815.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,141 shares of company stock worth $16,904,519 over the last 90 days. 0.69% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JCI. Fortitude Family Office LLC grew its stake in Johnson Controls International by 195.8% in the third quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after acquiring an additional 278 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Johnson Controls International by 65.2% in the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 208 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares in the last quarter. Western Pacific Wealth Management LP bought a new stake in Johnson Controls International during the third quarter worth about $44,000. Finally, Hexagon Capital Partners LLC raised its holdings in Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

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.