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

Johnson Controls International plc (NYSE:JCI) has been assigned an average rating of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $90.07.

Several research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup dropped their price objective on Johnson Controls International from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Barclays decreased their target price on Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th. Melius Research reiterated a “hold” rating and issued a $95.00 price target on shares of Johnson Controls International in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada raised their price objective on shares of Johnson Controls International from $86.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, February 6th.

Johnson Controls International Stock Up 0.4 %

JCI stock opened at $89.31 on Tuesday. The stock has a market cap of $58.96 billion, a PE ratio of 34.09, a price-to-earnings-growth ratio of 1.96 and a beta of 1.22. The firm’s 50-day simple moving average is $80.06 and its 200 day simple moving average is $81.25. Johnson Controls International has a fifty-two week low of $62.10 and a fifty-two week high of $91.14. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.50.

Johnson Controls International (NYSE:JCI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. As a group, sell-side analysts predict that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were issued 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 1.66%. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Activity

In other news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $87.73, for a total value of $171,073.50. Following the transaction, the vice president now directly owns 24,803 shares of the company’s stock, valued at approximately $2,175,967.19. This represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Oliver sold 205,168 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $89.07, for a total value of $18,274,313.76. Following the completion of the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at $112,275,139.89. This trade represents a 14.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 907,287 shares of company stock worth $77,953,036. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Johnson Controls International

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Johnson Controls International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock worth $5,379,562,000 after acquiring an additional 179,743 shares in the last quarter. Franklin Resources Inc. boosted its position in Johnson Controls International by 6.0% during the fourth quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after purchasing an additional 1,325,500 shares during the period. Invesco Ltd. grew its holdings in Johnson Controls International by 13.2% during the fourth quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock valued at $1,452,912,000 after purchasing an additional 2,150,573 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Johnson Controls International by 2.9% in the fourth quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock valued at $1,242,597,000 after purchasing an additional 447,513 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Johnson Controls International by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 13,818,777 shares of the company’s stock worth $1,087,670,000 after buying an additional 343,517 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

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.