Johnson Controls International (JCI) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Johnson Controls International (NYSE: JCI):

• 10/18/2024 – Johnson Controls International was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/17/2024 – Johnson Controls International had its price target raised by analysts at Mizuho from $62.00 to $75.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – Johnson Controls International was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/7/2024 – Johnson Controls International had its price target raised by analysts at Wells Fargo & Company from $80.00 to $84.00. They now have an “overweight” rating on the stock.
• 10/2/2024 – Johnson Controls International had its price target raised by analysts at Oppenheimer Holdings Inc. from $79.00 to $86.00. They now have an “outperform” rating on the stock.
• 10/2/2024 – Johnson Controls International had its price target raised by analysts at Barclays PLC from $62.00 to $64.00. They now have an “equal weight” rating on the stock.
• 9/27/2024 – Johnson Controls International had its price target raised by analysts at Bank of America Co. from $80.00 to $95.00. They now have a “buy” rating on the stock.
• 9/10/2024 – Johnson Controls International was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $80.00 price target on the stock, up previously from $76.00.
• 9/6/2024 – Johnson Controls International is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $85.00 price target on the stock.

Johnson Controls International Stock Performance

NYSE JCI opened at $76.87 on Friday. Johnson Controls International plc has a twelve month low of $47.90 and a twelve month high of $78.23. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46. The stock has a market cap of $51.35 billion, a P/E ratio of 32.16, a PEG ratio of 2.19 and a beta of 1.29. The company’s 50-day simple moving average is $73.66 and its 200 day simple moving average is $69.88.

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

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s payout ratio is 61.92%.

Insider Buying and Selling

In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the sale, the chief operating officer now directly owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Johnson Controls International news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $70.71, for a total value of $82,518.57. Following the transaction, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nathan D. Manning sold 3,000 shares of the 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 owns 140,488 shares in the company, valued at $10,828,815.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 227,494 shares of company stock worth $16,999,239 in the last quarter. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

Institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC raised its position in Johnson Controls International by 65.2% in 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 position in shares of 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 during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock valued at $47,000 after acquiring an additional 202 shares during the period. Friedenthal Financial bought a new position in Johnson Controls International in the second quarter valued at about $47,000. Finally, Centerpoint Advisors LLC increased its position in Johnson Controls International by 126.8% in the first quarter. Centerpoint Advisors LLC now owns 737 shares of the company’s stock worth $48,000 after purchasing an additional 412 shares during the period. 90.05% of the stock is owned by institutional investors.

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.