Johnson Controls International (NYSE:JCI) Stock Price Breaks Above Fifty Day Moving Average – What’s Next?

Johnson Controls International plc (NYSE:JCI)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $146.93 and traded as high as $148.35. Johnson Controls International shares last traded at $147.4230, with a volume of 4,086,994 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup raised their target price on Johnson Controls International from $157.00 to $170.00 and gave the stock a “neutral” rating in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Johnson Controls International from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, September 30th. Morgan Stanley raised their target price on shares of Johnson Controls International from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Bank of America lifted their price target on Johnson Controls International from $152.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada upped their price objective on shares of Johnson Controls International from $161.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.05.

Johnson Controls International Price Performance

The business’s 50-day simple moving average is $146.93 and its 200-day simple moving average is $139.75. The stock has a market cap of $89.30 billion, a PE ratio of 25.64, a PEG ratio of 1.07 and a beta of 1.27. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.30 by $0.12. The firm had revenue of $6.61 billion during the quarter, compared to the consensus estimate of $6.46 billion. Johnson Controls International had a net margin of 14.32% and a return on equity of 22.11%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, research analysts expect that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, September 21st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Insiders Place Their Bets

In other Johnson Controls International news, VP Lei Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president owned 15,017 shares in the company, valued at approximately $2,298,652.19. This trade represents a 60.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Johnson Controls International

A number of hedge funds and other institutional investors have recently made changes to their positions in JCI. Rokos Capital Management LLP bought a new stake in shares of Johnson Controls International during the 1st quarter valued at about $45,833,000. ABN Amro Investment Solutions bought a new position in Johnson Controls International in the first quarter worth about $8,863,000. QRG Capital Management Inc. raised its stake in Johnson Controls International by 4.7% in the second quarter. QRG Capital Management Inc. now owns 222,168 shares of the company’s stock worth $32,461,000 after buying an additional 9,988 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Johnson Controls International by 49.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 140,488 shares of the company’s stock worth $18,397,000 after buying an additional 46,650 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in Johnson Controls International by 62.7% in the first quarter. Epoch Investment Partners Inc. now owns 204,295 shares of the company’s stock worth $26,752,000 after buying an additional 78,766 shares during the period. Institutional investors own 90.05% of the company’s stock.

Johnson Controls International Company Profile

Johnson Controls International plc (NYSE:JCI) is a global provider of building technology, products and services. The company helps customers design, operate and maintain efficient, healthy and secure buildings through solutions for heating, ventilation and air conditioning, building automation, energy management, fire detection and suppression, and physical security.

Its portfolio includes building controls and digital management platforms, HVAC equipment, chillers, air-handling systems, fire and security technologies, and related services.