Johnson Controls International (NYSE:JCI) Reaches New 12-Month High – What’s Next?

Shares of Johnson Controls International plc (NYSE:JCI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $148.70 and last traded at $148.1040, with a volume of 183332 shares traded. The stock had previously closed at $144.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JCI shares. The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company raised their price objective on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. UBS Group raised their price objective on shares of Johnson Controls International from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Evercore started coverage on shares of Johnson Controls International in a research report on Monday, April 13th. They set a “hold” rating and a $155.00 price objective for the company. Finally, Jefferies Financial Group boosted their target price on shares of Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, April 15th. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $151.63.

Johnson Controls International Stock Up 0.9%

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 0.85. The stock has a market capitalization of $88.70 billion, a P/E ratio of 26.00, a P/E/G ratio of 1.55 and a beta of 1.33. The firm has a 50-day simple moving average of $139.36 and a 200 day simple moving average of $129.99.

Johnson Controls International (NYSE:JCI) last posted its earnings results on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The firm had revenue of $6.14 billion during the quarter. Johnson Controls International had a return on equity of 19.50% and a net margin of 14.45%. On average, equities research analysts forecast that Johnson Controls International plc will post 4.86 EPS for the current year.

Johnson Controls International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Monday, June 15th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.1%. Johnson Controls International’s payout ratio is currently 28.62%.

Insider Buying and Selling at Johnson Controls International

In related news, VP Lei Zhang Schlitz sold 88,809 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the sale, the vice president owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Johnson Controls International

Several institutional investors have recently modified their holdings of the business. DV Trading LLC grew its stake in shares of Johnson Controls International by 280.0% in the first quarter. DV Trading LLC now owns 1,900 shares of the company’s stock worth $249,000 after purchasing an additional 1,400 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Johnson Controls International by 7.2% in the first quarter. Parallel Advisors LLC now owns 10,283 shares of the company’s stock worth $1,347,000 after purchasing an additional 688 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Johnson Controls International in the first quarter worth $53,000. Allen Capital Group LLC bought a new stake in shares of Johnson Controls International in the first quarter worth $246,000. Finally, Glenmede Trust Co. NA boosted its position in Johnson Controls International by 0.3% during the first quarter. Glenmede Trust Co. NA now owns 41,995 shares of the company’s stock valued at $5,499,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.

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.