Robert W. Baird reiterated their hold rating on shares of Johnson Controls International (NYSE:JCI) in a report issued on Thursday morning. The brokerage currently has a $38.00 price objective on the auto parts company’s stock.

Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Johnson Controls International from a buy rating to a hold rating in a report on Friday, February 2nd. Cowen reiterated a hold rating and issued a $36.00 price objective on shares of Johnson Controls International in a report on Monday, April 16th. UBS assumed coverage on Johnson Controls International in a report on Monday, January 22nd. They issued a buy rating on the stock. Oppenheimer reiterated a buy rating and issued a $45.00 price objective on shares of Johnson Controls International in a report on Thursday, February 1st. Finally, Barclays assumed coverage on Johnson Controls International in a report on Thursday, February 15th. They issued an equal weight rating and a $41.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Johnson Controls International has an average rating of Hold and a consensus price target of $44.42.

Shares of Johnson Controls International stock opened at $34.27 on Thursday. Johnson Controls International has a 52 week low of $33.23 and a 52 week high of $44.37. The firm has a market capitalization of $31,738.23, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.14 and a beta of 0.86. The company has a current ratio of 1.11, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51.

Johnson Controls International (NYSE:JCI) last announced its quarterly earnings results on Wednesday, January 31st. The auto parts company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Johnson Controls International had a return on equity of 11.73% and a net margin of 5.92%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.19 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities analysts forecast that Johnson Controls International will post 2.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Monday, March 19th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, March 16th. This represents a $1.04 annualized dividend and a yield of 3.03%. Johnson Controls International’s dividend payout ratio (DPR) is 40.00%.

In other Johnson Controls International news, insider Rodney M. Rushing sold 14,199 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $37.88, for a total transaction of $537,858.12. Following the sale, the insider now owns 39,847 shares in the company, valued at approximately $1,509,404.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Gofen & Glossberg LLC IL increased its holdings in Johnson Controls International by 1.6% during the 4th quarter. Gofen & Glossberg LLC IL now owns 230,955 shares of the auto parts company’s stock worth $8,802,000 after purchasing an additional 3,558 shares during the period. HM Payson & Co. purchased a new stake in Johnson Controls International during the 4th quarter worth about $3,937,000. UBS Asset Management Americas Inc. increased its holdings in Johnson Controls International by 13.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 4,882,033 shares of the auto parts company’s stock worth $186,054,000 after purchasing an additional 569,204 shares during the period. Geode Capital Management LLC increased its holdings in Johnson Controls International by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 9,083,841 shares of the auto parts company’s stock worth $345,403,000 after purchasing an additional 181,798 shares during the period. Finally, Pinebridge Investments L.P. purchased a new stake in Johnson Controls International during the 4th quarter worth about $259,000. Institutional investors own 91.06% of the company’s stock.

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Johnson Controls International Company Profile

Johnson Controls International plc operates as a diversified technology and multi industrial company worldwide. The company operates through Building Technologies & Solutions and Power Solutions segments. It designs, sells, controls, installs heating, ventilating, and air conditioning systems. The company also provides residential air conditioning and heating systems, and industrial refrigeration products, as well as technical and energy management consulting services.

Analyst Recommendations for Johnson Controls International (NYSE:JCI)

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