Johnson Controls International plc (NYSE:JCI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Johnson Controls International plc (NYSE:JCI) have been given an average rating of “Hold” by the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $70.21.

A number of research analysts have commented on JCI shares. The Goldman Sachs Group increased their target price on Johnson Controls International from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their price objective on shares of Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Oppenheimer increased their target price on shares of Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Robert W. Baird lifted their price target on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Morgan Stanley assumed coverage on shares of Johnson Controls International in a research note on Friday, September 6th. They set an “overweight” rating and a $85.00 price objective on the stock.

Insider Buying and Selling

In related news, CEO George Oliver sold 110,615 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the transaction, the chief executive officer now owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Johnson Controls International news, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.67, for a total value of $8,038,392.05. Following the completion of the sale, the chief executive officer now directly owns 1,243,751 shares in the company, valued at $90,383,385.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nathan D. Manning sold 1,167 shares of Johnson Controls International stock in a transaction on Thursday, August 1st. The shares were 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 in the company, valued at $7,344,364.86. The disclosure for this sale can be found here. Insiders sold 115,046 shares of company stock valued at $8,347,562 over the last 90 days. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gilbert & Cook Inc. boosted its stake in shares of Johnson Controls International by 4.9% during the 4th quarter. Gilbert & Cook Inc. now owns 7,115 shares of the company’s stock worth $410,000 after acquiring an additional 334 shares in the last quarter. D.A. Davidson & CO. boosted its position in shares of Johnson Controls International by 33.1% in the 4th quarter. D.A. Davidson & CO. now owns 26,919 shares of the company’s stock valued at $1,552,000 after purchasing an additional 6,697 shares during the period. Corient Private Wealth LLC boosted its position in shares of Johnson Controls International by 2.5% in the 4th quarter. Corient Private Wealth LLC now owns 125,374 shares of the company’s stock valued at $7,227,000 after purchasing an additional 3,070 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Johnson Controls International by 27.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 79,840 shares of the company’s stock worth $4,602,000 after purchasing an additional 17,263 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Johnson Controls International by 41.9% during the 4th quarter. US Bancorp DE now owns 80,778 shares of the company’s stock worth $4,656,000 after buying an additional 23,833 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Johnson Controls International Price Performance

JCI stock opened at $74.10 on Monday. The stock’s 50 day moving average is $69.95 and its two-hundred day moving average is $67.84. Johnson Controls International has a 52-week low of $47.90 and a 52-week high of $75.36. The company has a market capitalization of $49.92 billion, a PE ratio of 30.00, a P/E/G ratio of 1.91 and a beta of 1.29. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $7.23 billion for the quarter, compared to analysts’ expectations of $7.53 billion. Johnson Controls International had a net margin of 6.02% and a return on equity of 13.64%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Analysts predict that Johnson Controls International will post 3.67 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is 59.92%.

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.