Johnson Controls International (NYSE:JCI) Reaches New 1-Year High at $78.14

Johnson Controls International plc (NYSE:JCI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $78.14 and last traded at $77.37, with a volume of 155594 shares. The stock had previously closed at $77.61.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on JCI shares. Robert W. Baird raised their target price on shares of Johnson Controls International from $72.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wells Fargo & Company lifted their price objective on Johnson Controls International from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Bank of America increased their target price on Johnson Controls International from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer upped their price target on Johnson Controls International from $70.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Finally, Barclays lowered their price objective on shares of Johnson Controls International from $62.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.29.

Johnson Controls International Stock Down 0.6 %

The company has a market capitalization of $51.56 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 2.03 and a beta of 1.29. The business has a fifty day simple moving average of $70.70 and a two-hundred day simple moving average of $68.45. 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 announced its quarterly earnings results on Wednesday, July 31st. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.64% and a net margin of 6.02%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. Equities analysts expect that Johnson Controls International plc will post 3.67 EPS for the current year.

Johnson Controls International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Wednesday, September 25th. Johnson Controls International’s dividend payout ratio (DPR) is currently 59.92%.

Insider Buying and Selling

In related news, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total transaction of $84,899.25. Following the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, COO Nathan D. Manning sold 1,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $72.75, for a total value of $84,899.25. Following the completion of the transaction, the chief operating officer now owns 143,488 shares in the company, valued at approximately $10,438,752. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Oliver sold 110,615 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,243,751 shares in the company, valued at approximately $90,383,385.17. The disclosure for this sale can be found here. Insiders have sold a total of 113,879 shares of company stock worth $8,270,529 in the last three months. Insiders own 0.69% of the company’s stock.

Institutional Trading of Johnson Controls International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Johnson Controls International by 17.3% during the fourth quarter. Vanguard Group Inc. now owns 71,387,169 shares of the company’s stock worth $4,114,756,000 after purchasing an additional 10,522,009 shares during the period. Capital World Investors increased its stake in shares of Johnson Controls International by 85.5% in the 1st quarter. Capital World Investors now owns 14,142,736 shares of the company’s stock valued at $923,804,000 after acquiring an additional 6,520,580 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Johnson Controls International by 686.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,445,418 shares of the company’s stock valued at $295,487,000 after acquiring an additional 3,880,146 shares during the period. Clean Energy Transition LLP bought a new position in Johnson Controls International during the 4th quarter worth approximately $124,553,000. Finally, M&G Plc acquired a new position in Johnson Controls International during the first quarter valued at approximately $120,948,000. 90.05% of the stock is owned by institutional investors.

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.