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

Shares of Johnson Controls International plc (NYSE:JCI) have been given a consensus rating of “Hold” by the sixteen research firms that are currently covering the company, Marketbeat.com reports. Eleven equities research 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 brokers that have updated their coverage on the stock in the last year is $77.21.

Several equities research analysts recently weighed in on JCI shares. Bank of America lifted their price objective on Johnson Controls International from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Morgan Stanley assumed coverage on shares of Johnson Controls International in a research report on Friday, September 6th. They issued an “overweight” rating and a $85.00 price target on the stock. Robert W. Baird raised their price objective on shares of Johnson Controls International from $80.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Oppenheimer boosted their target price on shares of Johnson Controls International from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Mizuho raised their price target on Johnson Controls International from $62.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the completion of the sale, the chief operating officer now directly owns 143,488 shares of the company’s stock, valued at approximately $10,438,752. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO George Oliver sold 110,615 shares of the company’s 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 transaction, the chief executive officer now owns 1,243,751 shares of the company’s stock, valued at $95,507,639.29. This trade represents a 8.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,141 shares of company stock valued at $16,904,519 over the last three months. 0.69% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of large investors have recently modified their holdings of the company. Fortitude Family Office LLC raised its position in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock worth $33,000 after purchasing an additional 278 shares during the period. Continuum Advisory LLC grew its stake in shares of Johnson Controls International by 65.2% during the second quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Johnson Controls International by 977.3% in the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after buying an additional 430 shares during the period. Western Pacific Wealth Management LP bought a new stake in shares of Johnson Controls International in the 3rd quarter valued at about $44,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Johnson Controls International by 39.7% during the 2nd 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. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Price Performance

Shares of NYSE JCI opened at $84.40 on Tuesday. The firm has a market cap of $56.38 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29. The stock has a fifty day simple moving average of $76.84 and a two-hundred day simple moving average of $71.65. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Johnson Controls International has a 1-year low of $51.40 and a 1-year high of $87.16.

Johnson Controls International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Wednesday, September 25th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 58.27%.

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.