Johnson Controls International plc (NYSE:JCI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Johnson Controls International plc (NYSE:JCI) have been assigned a consensus rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $113.4118.

Several equities research analysts have weighed in on JCI shares. JPMorgan Chase & Co. increased their price target on shares of Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group increased their price target on shares of Johnson Controls International from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Citigroup increased their price target on shares of Johnson Controls International from $112.00 to $119.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Morgan Stanley increased their price target on shares of Johnson Controls International from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Wolfe Research increased their price target on shares of Johnson Controls International from $132.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, September 12th.

Johnson Controls International Price Performance

JCI stock opened at $113.10 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.81 and a current ratio of 0.96. Johnson Controls International has a 52 week low of $68.03 and a 52 week high of $114.60. The firm’s fifty day moving average is $108.00 and its 200 day moving average is $101.93. The firm has a market cap of $74.01 billion, a P/E ratio of 33.56, a P/E/G ratio of 1.69 and a beta of 1.33.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.06. The business had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $5.99 billion. Johnson Controls International had a net margin of 9.53% and a return on equity of 14.71%. Research analysts predict that Johnson Controls International will post 3.64 earnings per share for the current year.

Johnson Controls International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Monday, September 22nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, September 22nd. This is an increase from Johnson Controls International’s previous quarterly dividend of $0.37. Johnson Controls International’s dividend payout ratio is currently 47.48%.

Insider Activity

In other news, VP Nathan D. Manning sold 1,422 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.06, for a total value of $149,395.32. Following the completion of the sale, the vice president directly owned 139,459 shares of the company’s stock, valued at approximately $14,651,562.54. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Daniel C. Mcconeghy sold 5,917 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $625,604.41. Following the completion of the sale, the vice president directly owned 25,005 shares of the company’s stock, valued at approximately $2,643,778.65. This represents a 19.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,761 shares of company stock valued at $922,447. Corporate insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Johnson Controls International in the 2nd quarter worth about $28,000. MTM Investment Management LLC purchased a new stake in shares of Johnson Controls International in the 2nd quarter worth about $32,000. Truvestments Capital LLC lifted its position in shares of Johnson Controls International by 425.0% in the 1st quarter. Truvestments Capital LLC now owns 315 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Johnson Controls International in the 2nd quarter worth about $34,000. Finally, Accent Capital Management LLC bought a new position in shares of Johnson Controls International in the 1st quarter worth about $26,000. 90.05% of the stock is owned by hedge funds and other 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.