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

Johnson Controls International plc (NYSE:JCI) has earned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $73.43.

Several analysts have recently issued reports on the stock. Robert W. Baird boosted their price objective 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. StockNews.com upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a research note on Friday. Royal Bank of Canada upgraded Johnson Controls International from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from $61.00 to $69.00 in a report on Wednesday, August 14th. Barclays raised their price target on shares of Johnson Controls International from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 2nd. Finally, Mizuho lifted their price target on shares of Johnson Controls International from $62.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday.

Insider Activity at Johnson Controls International

In other news, COO Nathan D. Manning sold 1,167 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $70.71, for a total transaction of $82,518.57. Following the completion of the sale, the chief operating officer now owns 103,866 shares of the company’s stock, valued at approximately $7,344,364.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Nathan D. Manning sold 3,000 shares of Johnson Controls International stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $77.08, for a total value of $231,240.00. Following the completion of the transaction, the chief operating officer now directly owns 140,488 shares in the company, valued at approximately $10,828,815.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Nathan D. Manning sold 1,167 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 103,866 shares in the company, valued at $7,344,364.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 227,494 shares of company stock valued at $16,997,782. Insiders own 0.69% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

Institutional investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in Johnson Controls International in the first quarter worth $25,000. Continuum Advisory LLC grew its position in shares of Johnson Controls International by 65.2% during the 2nd quarter. Continuum Advisory LLC now owns 527 shares of the company’s stock valued at $35,000 after buying an additional 208 shares during the last quarter. Wolff Wiese Magana LLC raised its stake in Johnson Controls International by 977.3% during the third quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock worth $37,000 after acquiring an additional 430 shares during the period. Hexagon Capital Partners LLC raised its stake in Johnson Controls International by 39.7% during the second quarter. Hexagon Capital Partners LLC now owns 711 shares of the company’s stock worth $47,000 after acquiring an additional 202 shares during the period. Finally, Friedenthal Financial acquired a new position in Johnson Controls International in the second quarter valued at approximately $47,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Price Performance

Shares of NYSE:JCI opened at $77.26 on Friday. The business has a fifty day simple moving average of $72.92 and a 200-day simple moving average of $69.52. Johnson Controls International has a 52 week low of $47.90 and a 52 week high of $78.23. The company has a market cap of $51.61 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.09 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 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The company had revenue of $7.23 billion during 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 firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. Equities research analysts forecast that Johnson Controls International will post 3.68 EPS for the current year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Wednesday, September 25th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend 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 61.92%.

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.