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

Shares of Johnson Controls International plc (NYSE:JCI) have been given a consensus recommendation of “Hold” by the twenty-two analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $147.6316.

A number of research firms have weighed in on JCI. Wall Street Zen raised shares of Johnson Controls International from a “hold” rating to a “buy” rating in a research report on Sunday, May 3rd. Morgan Stanley increased their price target on Johnson Controls International from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, March 11th. Mizuho increased their price target on Johnson Controls International from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Jefferies Financial Group increased their price target on Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, April 15th. Finally, BNP Paribas Exane began coverage on Johnson Controls International in a report on Tuesday, April 14th. They set an “underperform” rating and a $120.00 price target on the stock.

Insider Buying and Selling

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

Hedge Funds Weigh In On Johnson Controls International

A number of large investors have recently modified their holdings of the company. Regents Gate Capital LLP increased its position in shares of Johnson Controls International by 17.4% during the 3rd quarter. Regents Gate Capital LLP now owns 86,144 shares of the company’s stock valued at $9,472,000 after purchasing an additional 12,774 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in Johnson Controls International in the 3rd quarter worth about $583,000. Elo Mutual Pension Insurance Co increased its holdings in Johnson Controls International by 23.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 75,021 shares of the company’s stock worth $8,249,000 after acquiring an additional 14,354 shares during the last quarter. Nordea Investment Management AB increased its holdings in Johnson Controls International by 6.7% in the 4th quarter. Nordea Investment Management AB now owns 2,276,753 shares of the company’s stock worth $274,235,000 after acquiring an additional 142,429 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in Johnson Controls International in the 3rd quarter worth about $3,828,000. 90.05% of the stock is currently owned by institutional investors.

Johnson Controls International Stock Performance

NYSE:JCI opened at $143.01 on Friday. The company has a market capitalization of $87.25 billion, a PE ratio of 25.58, a P/E/G ratio of 1.60 and a beta of 1.37. The company has a 50 day simple moving average of $137.41 and a two-hundred day simple moving average of $127.43. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. Johnson Controls International has a fifty-two week low of $96.01 and a fifty-two week high of $147.32.

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

Johnson Controls International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 16th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, March 16th. Johnson Controls International’s dividend payout ratio is presently 28.62%.

About Johnson Controls International

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.