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

Shares of Johnson Controls International plc (NYSE:JCI) have been assigned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $91.27.

JCI has been the subject of a number of recent research reports. Melius cut shares of Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research note on Tuesday, January 28th. Argus raised shares of Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on shares of Johnson Controls International from $87.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. UBS Group raised shares of Johnson Controls International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $90.00 to $103.00 in a research note on Monday, February 10th. Finally, Melius Research reaffirmed a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a research note on Tuesday, January 28th.

Insider Buying and Selling at Johnson Controls International

In related news, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total transaction of $108,621.24. Following the transaction, the vice president now owns 148,346 shares in the company, valued at approximately $11,339,568.24. The trade was a 0.95 % decrease in their position. 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 Johnson Controls International stock in a transaction on Friday, February 7th. The shares were sold at an average price of $88.03, for a total transaction of $18,060,939.04. Following the transaction, the chief executive officer now owns 1,260,527 shares in the company, valued at $110,964,191.81. The trade was a 14.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 906,050 shares of company stock worth $77,839,329 in the last quarter. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Johnson Controls International by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 68,156,110 shares of the company’s stock worth $5,379,562,000 after buying an additional 179,743 shares in the last quarter. State Street Corp lifted its holdings in Johnson Controls International by 1.1% in the 3rd quarter. State Street Corp now owns 27,939,766 shares of the company’s stock worth $2,178,595,000 after buying an additional 300,712 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Johnson Controls International by 6.0% in the 4th quarter. Franklin Resources Inc. now owns 23,344,374 shares of the company’s stock worth $1,842,571,000 after buying an additional 1,325,500 shares in the last quarter. Invesco Ltd. lifted its holdings in Johnson Controls International by 13.2% in the 4th quarter. Invesco Ltd. now owns 18,407,597 shares of the company’s stock worth $1,452,912,000 after buying an additional 2,150,573 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Johnson Controls International by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 15,743,019 shares of the company’s stock worth $1,242,597,000 after buying an additional 447,513 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Johnson Controls International Trading Up 3.0 %

Shares of JCI opened at $79.78 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $82.41 and a 200-day simple moving average of $79.79. Johnson Controls International has a 1-year low of $59.83 and a 1-year high of $91.14. The stock has a market cap of $52.67 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. Equities analysts forecast that Johnson Controls International will post 3.64 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.86%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

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.