Johnson Controls International (NYSE:JCI) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Johnson Controls International plc (NYSE:JCI)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $147.56 and traded as high as $151.20. Johnson Controls International shares last traded at $149.7180, with a volume of 3,222,808 shares traded.

Wall Street Analyst Weigh In

JCI has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Johnson Controls International from $186.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Citigroup raised their price objective on shares of Johnson Controls International from $170.00 to $172.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Wall Street Zen downgraded shares of Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Johnson Controls International from a “buy (b)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. Finally, Mizuho upped their target price on shares of Johnson Controls International from $150.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Johnson Controls International presently has a consensus rating of “Moderate Buy” and an average target price of $166.86.

Johnson Controls International Trading Up 2.2%

The company has a market cap of $90.69 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 1.15 and a beta of 1.27. The firm has a 50-day moving average price of $147.56 and a 200 day moving average price of $141.15. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.55.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.07. The business had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.04 billion. Johnson Controls International had a return on equity of 23.38% and a net margin of 11.12%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. As a group, sell-side analysts forecast that Johnson Controls International plc will post 6.29 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were paid a dividend of $0.40 per share. The ex-dividend date was Monday, September 21st. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s payout ratio is presently 34.19%.

Insiders Place Their Bets

In other Johnson Controls International news, Director Juergen Tinggren sold 4,000 shares of the stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $159.19, for a total transaction of $636,760.00. Following the sale, the director directly owned 27,236 shares of the company’s stock, valued at approximately $4,335,698.84. This represents a 12.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. First County Bank CT increased its stake in shares of Johnson Controls International by 4.2% in the third quarter. First County Bank CT now owns 1,699 shares of the company’s stock worth $253,000 after acquiring an additional 68 shares during the last quarter. Natural Investments LLC raised its holdings in shares of Johnson Controls International by 2.5% during the second quarter. Natural Investments LLC now owns 3,008 shares of the company’s stock worth $439,000 after acquiring an additional 72 shares in the last quarter. Everhart Financial Group Inc. boosted its position in Johnson Controls International by 1.1% during the third quarter. Everhart Financial Group Inc. now owns 6,355 shares of the company’s stock valued at $945,000 after purchasing an additional 72 shares during the last quarter. Baron Wealth Management LLC boosted its position in Johnson Controls International by 1.6% during the second quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock valued at $687,000 after purchasing an additional 75 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC boosted its position in Johnson Controls International by 2.0% during the third quarter. Kaufman Rossin Wealth LLC now owns 3,845 shares of the company’s stock valued at $572,000 after purchasing an additional 75 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

About Johnson Controls International

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.