Johnson Controls International (NYSE:JCI) Hits New 1-Year High – Should You Buy?

Johnson Controls International plc (NYSE:JCI)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $89.95 and last traded at $89.47, with a volume of 5918901 shares. The stock had previously closed at $87.65.

Analyst Ratings Changes

JCI has been the subject of several recent analyst reports. Melius Research reaffirmed a “hold” rating and issued a $95.00 target price on shares of Johnson Controls International in a report on Tuesday, January 28th. Mizuho upped their price objective on Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Argus upgraded Johnson Controls International from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, December 20th. Barclays boosted their price target on shares of Johnson Controls International from $75.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Oppenheimer raised their price objective on shares of Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Johnson Controls International presently has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Stock Performance

The company’s fifty day moving average is $80.93 and its 200 day moving average is $77.08. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $59.06 billion, a P/E ratio of 34.15, a P/E/G ratio of 2.48 and a beta of 1.32.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping 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, equities analysts anticipate that Johnson Controls International plc will post 3.52 earnings per share for the current year.

Johnson Controls International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Monday, December 23rd. Johnson Controls International’s dividend payout ratio is presently 56.49%.

Insider Transactions at Johnson Controls International

In other Johnson Controls International news, VP Daniel C. Mcconeghy sold 1,950 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was 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 in the company, valued at $2,175,967.19. This represents a 7.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now owns 148,346 shares of the company’s stock, valued at approximately $11,339,568.24. This trade represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 856,326 shares of company stock valued at $72,313,086. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Johnson Controls International

A number of institutional investors have recently made changes to their positions in the stock. Compass Financial Services Inc purchased a new position in Johnson Controls International in the fourth quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in Johnson Controls International during the fourth quarter valued at about $29,000. Fortitude Family Office LLC lifted its stake in Johnson Controls International by 195.8% during the third 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 last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Johnson Controls International by 977.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after purchasing an additional 430 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Johnson Controls International during the 4th quarter valued at about $42,000. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

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.