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

Johnson Controls International plc (NYSE:JCI) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $91.27.

Several equities research analysts recently commented on the company. UBS Group raised Johnson Controls International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $90.00 to $103.00 in a report on Monday, February 10th. Morgan Stanley boosted their target price on Johnson Controls International from $95.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of Johnson Controls International from $86.00 to $93.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 6th. Barclays decreased their price target on shares of Johnson Controls International from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th. Finally, Wells Fargo & Company lifted their price target on shares of Johnson Controls International from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th.

Insiders Place Their Bets

In other news, CEO George Oliver sold 205,168 shares of the business’s 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Nathan D. Manning sold 1,421 shares of the business’s 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. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 905,864 shares of company stock worth $77,824,710. Corporate insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Several institutional investors and hedge funds have recently modified their holdings of JCI. Harbour Investments Inc. grew its holdings in shares of Johnson Controls International by 12.7% during the 3rd quarter. Harbour Investments Inc. now owns 2,866 shares of the company’s stock valued at $222,000 after acquiring an additional 322 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Johnson Controls International by 5.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,964 shares of the company’s stock valued at $540,000 after purchasing an additional 390 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Johnson Controls International by 6.8% in the 3rd quarter. CIBC Asset Management Inc now owns 117,328 shares of the company’s stock valued at $9,106,000 after purchasing an additional 7,433 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Johnson Controls International by 255.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 184,494 shares of the company’s stock valued at $14,319,000 after purchasing an additional 132,547 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Johnson Controls International by 3.7% in the 3rd quarter. Natixis Advisors LLC now owns 860,417 shares of the company’s stock valued at $66,777,000 after purchasing an additional 30,835 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International Stock Performance

JCI opened at $82.64 on Monday. The business’s 50 day moving average is $82.70 and its 200-day moving average is $80.17. The stock has a market cap of $54.55 billion, a PE ratio of 31.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.32. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.50. Johnson Controls International has a twelve month low of $59.83 and a twelve month high of $91.14.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.59 by $0.05. Johnson Controls International had a return on equity of 15.11% and a net margin of 6.83%. On average, analysts predict that Johnson Controls International will post 3.64 earnings per share for the current year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Monday, March 24th. Johnson Controls International’s payout ratio is 56.49%.

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.