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

Shares of Johnson Controls International plc (NYSE:JCI) have earned a consensus recommendation of “Hold” from the twenty-two brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $147.6316.

A number of research analysts recently commented on JCI shares. Barclays increased their target price on Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. BNP Paribas Exane initiated coverage on Johnson Controls International in a report on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective for the company. HSBC upped their price target on shares of Johnson Controls International from $127.00 to $136.00 in a research report on Thursday, May 7th. Citigroup lifted their price objective on Johnson Controls International from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Wolfe Research reduced their price target on Johnson Controls International from $161.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th.

Insider Buying and Selling at Johnson Controls International

In related news, VP Daniel C. Mcconeghy sold 3,600 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $142.56, for a total transaction of $513,216.00. Following the completion of the sale, the vice president directly owned 24,273 shares in the company, valued at $3,460,358.88. This represents a 12.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Hedge Funds Weigh In On Johnson Controls International

Several hedge funds have recently made changes to their positions in JCI. State Street Corp boosted its holdings in Johnson Controls International by 0.6% in the third quarter. State Street Corp now owns 28,684,645 shares of the company’s stock valued at $3,165,286,000 after acquiring an additional 163,167 shares in the last quarter. Franklin Resources Inc. raised its holdings in Johnson Controls International by 3.3% in the 4th quarter. Franklin Resources Inc. now owns 22,655,105 shares of the company’s stock worth $2,712,949,000 after purchasing an additional 718,245 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Johnson Controls International by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 17,239,953 shares of the company’s stock worth $2,064,485,000 after purchasing an additional 280,704 shares during the period. Invesco Ltd. lifted its position in shares of Johnson Controls International by 13.0% in the 4th quarter. Invesco Ltd. now owns 16,003,486 shares of the company’s stock worth $1,916,417,000 after purchasing an additional 1,837,220 shares during the period. Finally, Norges Bank bought a new stake in shares of Johnson Controls International during the 4th quarter valued at about $927,739,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International Stock Up 2.2%

JCI stock opened at $138.51 on Friday. The company’s 50 day moving average is $137.64 and its 200 day moving average is $128.25. The stock has a market cap of $84.51 billion, a price-to-earnings ratio of 24.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.37. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. Johnson Controls International has a 1-year low of $96.31 and a 1-year high of $147.32.

Johnson Controls International (NYSE:JCI) last announced its earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. The business had revenue of $6.14 billion during the quarter. Sell-side analysts predict that Johnson Controls International will post 4.87 EPS for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Monday, March 16th were issued a $0.40 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.2%. Johnson Controls International’s dividend payout ratio (DPR) is currently 28.62%.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.