Johnson Controls International (NYSE:JCI) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Johnson Controls International (NYSE:JCI) posted its earnings results on Wednesday. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.05, Briefing.com reports. Johnson Controls International had a return on equity of 15.35% and a net margin of 13.95%.During the same quarter last year, the business posted $0.64 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year.

Johnson Controls International Stock Performance

Shares of JCI opened at $134.31 on Wednesday. The stock has a 50 day moving average price of $116.84 and a 200 day moving average price of $112.17. The company has a quick ratio of 0.76, a current ratio of 0.93 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $82.21 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.43. Johnson Controls International has a 52-week low of $68.03 and a 52-week high of $136.24.

Johnson Controls International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Monday, December 22nd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.60 annualized dividend and a yield of 1.2%. Johnson Controls International’s payout ratio is presently 31.43%.

Insider Buying and Selling at Johnson Controls International

In other news, VP Lei Zhang Schlitz sold 32,031 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $113.20, for a total value of $3,625,909.20. Following the completion of the transaction, the vice president owned 66,780 shares in the company, valued at approximately $7,559,496. This represents a 32.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Johnson Controls International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Viking Global Investors LP boosted its stake in Johnson Controls International by 368.5% in the third quarter. Viking Global Investors LP now owns 6,796,942 shares of the company’s stock valued at $747,324,000 after acquiring an additional 5,346,130 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Johnson Controls International by 140.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,575,414 shares of the company’s stock valued at $483,281,000 after purchasing an additional 2,675,157 shares during the last quarter. Man Group plc boosted its position in shares of Johnson Controls International by 148.1% in the 2nd quarter. Man Group plc now owns 832,921 shares of the company’s stock valued at $87,973,000 after purchasing an additional 497,221 shares during the period. Canada Pension Plan Investment Board grew its stake in Johnson Controls International by 45.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,191,034 shares of the company’s stock worth $125,797,000 after buying an additional 370,772 shares during the last quarter. Finally, Credit Agricole S A acquired a new position in Johnson Controls International during the third quarter worth approximately $34,118,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Johnson Controls International from $142.00 to $137.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Royal Bank Of Canada boosted their target price on Johnson Controls International from $116.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on Johnson Controls International from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. UBS Group reiterated a “buy” rating and issued a $124.00 price objective on shares of Johnson Controls International in a research note on Thursday, November 6th. Finally, HSBC upped their target price on shares of Johnson Controls International from $79.00 to $127.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Johnson Controls International currently has an average rating of “Moderate Buy” and a consensus price target of $126.61.

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.