Johnson Controls International (NYSE:JCI) Sets New 12-Month High – Time to Buy?

Johnson Controls International plc (NYSE:JCI)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $89.95 and last traded at $89.47, with a volume of 5918901 shares changing hands. The stock had previously closed at $87.65.

Analysts Set New Price Targets

JCI has been the subject of several research reports. Barclays raised their price objective on shares of Johnson Controls International from $75.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. 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 report on Thursday, February 6th. Melius lowered Johnson Controls International from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday, January 28th. StockNews.com downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup lowered their price target on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and an average target price of $91.13.

Johnson Controls International Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.79. The company has a market capitalization of $59.06 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.48 and a beta of 1.32. The firm has a 50-day moving average price of $80.93 and a two-hundred day moving average price of $77.08.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. Johnson Controls International had a net margin of 6.83% and a return on equity of 15.11%. As a group, sell-side analysts anticipate that Johnson Controls International plc will post 3.52 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, December 23rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 annualized dividend and a yield of 1.65%. Johnson Controls International’s payout ratio is currently 56.49%.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, CEO George Oliver sold 205,168 shares of the company’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 owns 1,260,527 shares in the company, valued at approximately $110,964,191.81. This represents a 14.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Nathan D. Manning sold 1,421 shares of Johnson Controls International stock in a transaction dated 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 of the company’s stock, valued at $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. Over the last quarter, insiders sold 856,326 shares of company stock valued at $72,313,086. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

Large investors have recently added to or reduced their stakes in the business. Compass Financial Services Inc purchased a new stake in shares of Johnson Controls International in the fourth quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Johnson Controls International during the fourth quarter worth $29,000. Fortitude Family Office LLC raised its position in Johnson Controls International by 195.8% in the 3rd quarter. Fortitude Family Office LLC now owns 420 shares of the company’s stock valued at $33,000 after buying an additional 278 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in Johnson Controls International by 977.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 474 shares of the company’s stock valued at $37,000 after acquiring an additional 430 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Johnson Controls International during the 4th quarter worth $42,000. Institutional investors own 90.05% of the company’s stock.

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.