Johnson Controls International plc (NYSE:JCI) Given Average Rating of “Moderate Buy” by Brokerages

Johnson Controls International plc (NYSE:JCI) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $91.27.

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

Johnson Controls International Stock Performance

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

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 EPS for the quarter, beating 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%. On average, research analysts predict that Johnson Controls International will post 3.64 EPS for the current year.

Johnson Controls International Dividend Announcement

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

Insiders Place Their Bets

In other Johnson Controls International news, CEO George Oliver sold 162,894 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $89.28, for a total transaction of $14,543,176.32. Following the transaction, the chief executive officer now owns 1,203,893 shares in the company, valued at approximately $107,483,567.04. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Nathan D. Manning sold 1,421 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $76.44, for a total value of $108,621.24. Following the transaction, the vice president now owns 148,346 shares in the company, valued at $11,339,568.24. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 906,050 shares of company stock worth $77,839,329. Company 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 added to or reduced their stakes in the business. Gilbert & Cook Inc. increased its stake in Johnson Controls International by 2.0% in the 4th quarter. Gilbert & Cook Inc. now owns 6,458 shares of the company’s stock valued at $510,000 after purchasing an additional 127 shares in the last quarter. Jackson Hole Capital Partners LLC increased its position in shares of Johnson Controls International by 0.7% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 18,621 shares of the company’s stock valued at $1,470,000 after buying an additional 127 shares in the last quarter. Graypoint LLC increased its position in shares of Johnson Controls International by 4.1% in the fourth quarter. Graypoint LLC now owns 3,277 shares of the company’s stock valued at $259,000 after buying an additional 130 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in shares of Johnson Controls International by 32.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 543 shares of the company’s stock worth $43,000 after buying an additional 134 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Johnson Controls International by 3.1% in the 4th quarter. Brooklyn Investment Group now owns 4,444 shares of the company’s stock worth $351,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds 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.