Cowen and Company reissued their buy rating on shares of Johnson Controls International PLC (NYSE:JCI) in a research note published on Wednesday morning. The firm currently has a $48.00 price target on the auto parts company’s stock.

A number of other brokerages have also recently issued reports on JCI. Wolfe Research assumed coverage on shares of Johnson Controls International PLC in a research report on Tuesday, July 11th. They issued a market perform rating for the company. Morgan Stanley reissued an overweight rating and issued a $51.00 target price (up previously from $50.00) on shares of Johnson Controls International PLC in a research report on Monday, July 10th. Zacks Investment Research cut shares of Johnson Controls International PLC from a hold rating to a sell rating in a research report on Tuesday, July 4th. BidaskClub raised shares of Johnson Controls International PLC from a sell rating to a hold rating in a research report on Thursday, June 29th. Finally, ValuEngine cut shares of Johnson Controls International PLC from a buy rating to a hold rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Johnson Controls International PLC presently has an average rating of Hold and a consensus price target of $48.86.

Shares of Johnson Controls International PLC (NYSE:JCI) traded up 0.57% during trading on Wednesday, hitting $40.29. 3,899,303 shares of the stock were exchanged. The company’s market cap is $37.57 billion. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $46.86. The firm’s 50-day moving average is $39.03 and its 200 day moving average is $41.28.

Johnson Controls International PLC (NYSE:JCI) last released its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.71 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.71. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The firm had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.72 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The company’s revenue for the quarter was up 48.8% compared to the same quarter last year. Equities analysts forecast that Johnson Controls International PLC will post $2.61 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Friday, September 22nd. Johnson Controls International PLC’s payout ratio is -196.08%.

Hedge funds and other institutional investors have recently modified their holdings of the business. FNY Managed Accounts LLC acquired a new position in Johnson Controls International PLC during the first quarter worth about $100,000. Bessemer Group Inc. raised its stake in Johnson Controls International PLC by 5.5% during the second quarter. Bessemer Group Inc. now owns 2,550 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 133 shares in the last quarter. Harfst & Associates Inc. raised its stake in Johnson Controls International PLC by 16.9% during the second quarter. Harfst & Associates Inc. now owns 2,691 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 389 shares in the last quarter. Perigon Wealth Management LLC raised its stake in Johnson Controls International PLC by 171.7% during the second quarter. Perigon Wealth Management LLC now owns 2,663 shares of the auto parts company’s stock worth $116,000 after acquiring an additional 1,683 shares in the last quarter. Finally, Grove Bank & Trust raised its stake in Johnson Controls International PLC by 57.7% during the second quarter. Grove Bank & Trust now owns 2,693 shares of the auto parts company’s stock worth $117,000 after acquiring an additional 985 shares in the last quarter. 86.08% of the stock is owned by hedge funds and other institutional investors.

Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Analyst Recommendations for Johnson Controls International PLC (NYSE:JCI)

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