Johnson Controls International (NYSE:JCI) Hits New 1-Year High – What’s Next?

Johnson Controls International plc (NYSE:JCI)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $90.25 and last traded at $90.78, with a volume of 2861 shares traded. The stock had previously closed at $89.77.

Analysts Set New Price Targets

JCI has been the topic of several analyst reports. Robert W. Baird increased their price objective on Johnson Controls International from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Morgan Stanley increased their price target on Johnson Controls International from $95.00 to $105.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer boosted their price objective on Johnson Controls International from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Citigroup reduced their target price on shares of Johnson Controls International from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Monday, January 13th. Finally, StockNews.com cut shares of Johnson Controls International from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.13.

Johnson Controls International Trading Up 1.0 %

The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $59.83 billion, a PE ratio of 34.59, a PEG ratio of 2.48 and a beta of 1.32. The business’s 50-day moving average is $81.62 and its two-hundred day moving average is $77.93.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Wednesday, February 5th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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, 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 firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, December 23rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.63%. Johnson Controls International’s dividend payout ratio (DPR) is presently 56.49%.

Insider Activity at Johnson Controls International

In related news, CEO George Oliver sold 124,497 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $82.67, for a total transaction of $10,292,166.99. Following the transaction, the chief executive officer now owns 1,267,716 shares of the company’s stock, valued at $104,802,081.72. This trade represents a 8.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Nathan D. Manning sold 1,421 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $76.44, for a total value of $108,621.24. Following the sale, the vice president now directly owns 148,346 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 1,113,772 shares of company stock worth $95,772,462 in the last 90 days. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC increased its stake in Johnson Controls International by 170.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,763 shares of the company’s stock valued at $137,000 after buying an additional 1,112 shares during the period. Creative Planning increased its stake in shares of Johnson Controls International by 11.1% during the third quarter. Creative Planning now owns 73,594 shares of the company’s stock worth $5,712,000 after acquiring an additional 7,375 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Johnson Controls International by 1.5% during the third quarter. Bleakley Financial Group LLC now owns 13,969 shares of the company’s stock worth $1,084,000 after acquiring an additional 204 shares during the period. Aaron Wealth Advisors LLC purchased a new position in Johnson Controls International during the third quarter worth about $211,000. Finally, Resonant Capital Advisors LLC acquired a new stake in Johnson Controls International in the third quarter valued at about $240,000. 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.